Adani Enterp. 2445.50↓-5.65(-0.23%)
Adani Ports 744.00↑9.05(1.23%)
Apollo Hospitals 4973.20↑46.50(0.94%)
Asian Paints 3168.00↓-12.55(-0.39%)
Axis Bank 975.25↑0.50(0.05%)
B P C L 365.65↑6.20(1.72%)
Bajaj Auto 4744.15↑0.75(0.02%)
Bajaj Finance 7082.70↑45.55(0.65%)
Bajaj Finserv 1466.00↓-0.50(-0.03%)
Bharti Airtel 839.65↑6.15(0.74%)
Britannia Inds. 4895.00↑16.25(0.33%)
Cipla 971.85↑2.60(0.27%)
Coal India 228.20↑0.55(0.24%)
Divi's Lab. 3444.75↑16.00(0.47%)
Dr Reddy's Labs 4684.00↑17.20(0.37%)
Eicher Motors 3573.00↓-8.30(-0.23%)
Grasim Inds 1714.90↓-0.85(-0.05%)
H D F C 2647.40↓-5.50(-0.21%)
HCL Technologies 1135.50↑25.75(2.32%)
HDFC Bank 1607.30↓-3.30(-0.20%)
HDFC Life Insur. 587.35↑5.65(0.97%)
Hero Motocorp 2890.00↓-9.30(-0.32%)
Hind. Unilever 2645.75↑9.55(0.36%)
Hindalco Inds. 420.00↑4.95(1.19%)
ICICI Bank 941.95↑3.90(0.42%)
IndusInd Bank 1319.95↓-11.10(-0.83%)
Infosys 1288.70↑22.75(1.80%)
ITC 436.75↓-1.70(-0.39%)
JSW Steel 753.10↑4.60(0.61%)
Kotak Mah. Bank 1875.25↑3.25(0.17%)
Larsen & Toubro 2342.55↓-20.45(-0.87%)
M & M 1370.45↓-0.20(-0.01%)
Maruti Suzuki 9563.00↓-64.80(-0.67%)
Nestle India 22234.80↑161.35(0.73%)
NTPC 185.10↑2.30(1.26%)
O N G C 155.00↑0.75(0.49%)
Power Grid Corpn 243.55↓-1.35(-0.55%)
Reliance Industr 2485.55↑3.60(0.15%)
SBI Life Insuran 1250.15↑17.75(1.44%)
St Bk of India 579.40↑0.70(0.12%)
Sun Pharma.Inds. 986.00↑2.05(0.21%)
Tata Consumer 804.05↑3.05(0.38%)
Tata Motors 562.30↓0.00(0.00%)
Tata Steel 110.30↑1.40(1.29%)
TCS 3236.25↑26.95(0.84%)
Tech Mahindra 1074.85↑11.80(1.11%)
Titan Company 2842.55↓-33.70(-1.17%)
UltraTech Cem. 8137.65↓-15.60(-0.19%)
UPL 679.00↓-1.25(-0.18%)
Wipro 398.10↑0.80(0.20%)

El Nino biggest immediate risk for the markets; not priced in yet: Analysts

Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy.

Puneet Wadhwa New Delhi

Web Exclusive Premium

farmer

4 min read Last Updated : Jun 12 2023 | 10:26 AM IST

Listen to This Article

The fear of less than optimal rainfall due to El Nino this year, analysts believe, is the biggest short-term risk for the markets, which they said has not been fully priced in yet by them. Monsoon set over Kerala on June 08, a week later than its scheduled date.

“Markets (Sensex) have run up almost 3,000 points in the last few weeks and some correction / consolidation is due. With this backdrop in, mind traders will find El Nino worries too hot to handle. We believe the markets are ripe for some healthy correction, and El Nino could be that trigger,” said Apurva Sheth, head of market perspectives & research at SAMCO Securities.

El Nino – a weather phenomenon that occurs when ocean temperatures in the central and eastern Pacific Ocean rise above normal and cause changes in atmospheric patterns. This, in turn, sees the monsoon weaken over the Indian subcontinent. As a result, the Indian monsoon tends to be weaker and less reliab