Business news · Economy · 29 May 2026
IN Fast Moving Consumer Goods Automobile and Auto Components Chemicals
The India Meteorological Department lowered its June-September monsoon forecast to 90% of the long-period average (plus or minus 4%), from 92% in April, as El Nino conditions develop. June rainfall is seen below normal at 92% of LPA, and the monsoon core zone, home to much rain-fed farming, at under 94%. Monsoon onset, earlier predicted for May 26, is now seen around June 1. Below-normal rain in the central and western core zone could hurt output of pulses, oilseeds and sugarcane.
Monsoon rain still drives farm incomes and rural spending, so a forecast at the deficient threshold is a direct risk for rural-heavy FMCG companies, tractor and two-wheeler makers, and fertiliser and agrochemical firms. Weaker pulses, oilseed and sugarcane harvests would add to food inflation and limit the RBI's room to ease, while sugar mills and edible-oil processors face supply and price swings. Hotter, drier conditions also lift power demand.
Reported by Business Standard — “IMD further lowers 2026 monsoon forecast as El Nino set to develop” ↗ on 29 May 2026.
NSE stocks, from the last close on or before 29 May 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Fast Moving Consumer Goods | 47 | -6.4% | 18 of 47 | -3.3 pts |
| Automobile and Auto Components | 52 | -0.7% | 25 of 52 | +2.5 pts |
| Chemicals | 47 | -4.9% | 21 of 47 | -1.8 pts |
| All tracked stocks | 799 | -3.1% | 348 of 799 | — |
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