· Markets fire up for the Agri sector as Monsoon recedes after showing a huge deficiency of 14%. A back-to-back Monsoon deficit amidst falling water reservoir levels keep sentiments Bullish for the Agri sector.
· Chana, Guar show strong recovery with lower crop predictions amidst rising demand keeping trend firm for Pulses. Falling stocks amidst expected pick up in export demand support falling rates for Guar at these lower levels.
· Oil complex too rise on Festive season demand as International markets stabilize. Spices find strong support here but the uptrend is limited with exports not rising significantly, though expected to pick up in coming weeks.