· Markets crash for Agri commodities as improved Monsoon reports kept trend weak with overall sowing reports being favorable.
· With Monsoon likely to arrive in Gujarat and Rajasthan soon, the uptrend for the Agri counters seem limited as short term sentiments remain weak. Moderate rains in these regions have already created a bearish impact on the markets as the sowing for the kharif crops are favorably affected.
· Mentha Oil is the only counter unaffected by the bearish sentiments created by Monsoon. Overall Fundamentals remain strong on lower production reports.