After the major fall in rates seen the earlier day, markets bounced back for most Agri counters as apprehensions over Monsoon weakening in the month of July supported the market sentiments.
· Trend likely to remain very volatile for the agri sector as lower demand preventing strong uptrend in prices. But a weakening of Monsoon would adversely affect the sowing and also enable the export demand to pick up at these lower levels – thus supporting the prices.
· Weakness in International markets kept trend in Indian Oil complex market weak during morning hours. Prices however bounced back from the lower levels on short covering.