Around 50% of India’s total food output comes in the form of summer crops. A delayed monsoon can lead to supply issues and even accelerate food inflation.
India's GDP for 2020-21 contracted by 7.3%, even as GDP for the year's last quarter (January-March 2021) grew by 1.6%, official data released by the National Statistical Office showed on May 31.
Here are top money making ideas from technical analysts that may deliver good gains in the near term.
The automotive components sector will see revenue rebound 21 to 23% next fiscal as domestic and export demand revives after two straight contractions
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All eyes will be on how the Nifty will react to the GDP numbers. India has clocked in a negative growth of 7.3% for 2020-21 while for Q4FY21, economy has grown by 1.6%
Experts believe that gold has good legs remaining and could cross the Rs 50,000 mark and move much higher in the coming months
The cheer spreading in the stock markets is perhaps waiting for a burst once the much-anticipated economic recovery takes place.
The companies which have been given approval are -- Solara Active Pharma Science Ltd, Rajasthan Antibiotics Ltd, Dhatri Lab Pvt Ltd and Vital Laboratories Pvt Ltd