While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture – at best – can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term.
"These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line. It is too early to say with certainty that the news