Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Mahindra and Mahindra falls on monsoon worries

Jun 20 2014, 15:50 IST
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SummaryMahindra and Mahindra Ltd fell 2.4 percent on worries that weak monsoon may hit its tractor sales.

Mahindra and Mahindra Ltd fell 2.4 percent on worries that weak monsoon may hit its tractor sales, investors say. Nearly a third of the company's revenues come from tractor sales which are largely dependent on farmers' incomes that can get severely impacted due to any shortfall in rains, analysts say. The monsoon has covered half of India's landmass four days behind the usual schedule, failing to recover from a late start that has slowed sowing of summer crops in a country where half of the farmland still lacks irrigation.

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