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    The Sensex and Nifty indexes in India snapped four sessions of gains and ended lower as sentiment turned negative after a private weather forecaster predicted a below normal monsoon season this year. A below normal monsoon could dampen prospects for farm and overall economic growth in India since the monsoon delivers about 70% of the country's annual rainfall. Losses were spread across most sectors as shares retreated from recent record highs on concerns about weaker agricultural output and economic activity if rainfall is inadequate.

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    The Sensex and Nifty indexes in India snapped four sessions of gains and ended lower as sentiment turned negative after a private weather forecaster predicted a below normal monsoon season this year. A below normal monsoon could dampen prospects for farm and overall economic growth in India since the monsoon delivers about 70% of the country's annual rainfall. Losses were spread across most sectors as shares retreated from recent record highs on concerns about weaker agricultural output and economic activity if rainfall is inadequate.

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    27 views1 page

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    Uploaded by

    bhagatvarun
    The Sensex and Nifty indexes in India snapped four sessions of gains and ended lower as sentiment turned negative after a private weather forecaster predicted a below normal monsoon season this year. A below normal monsoon could dampen prospects for farm and overall economic growth in India since the monsoon delivers about 70% of the country's annual rainfall. Losses were spread across most sectors as shares retreated from recent record highs on concerns about weaker agricultural output and economic activity if rainfall is inadequate.

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    SENSEX, NIFTY RETREAT FROM LIFETIME HIGHS ON MONSOON JITTERS

    Indian shares snapped four sessions of gains to end lower on Wednesday, with losses spread
    across most sectors, as sentiment turned negative after a private weather forecaster said it
    expected a ‘below normal’ monsoon this year. Skymet’s forecast of the monsoon season,
    which delivers about 70% of India’s annual rainfall, dampened prospects of higher farm and
    economic growth in the $2.6 trillion economy. The Sensex closed down 0.46%, or 179.53
    points, at 38,877.12 while the broader NSE Nifty ended 0.59% lower, or 69.25 points at
    11,643.95. Both the indexes hit fresh highs during the session.

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