An above-average monsoon will benefit cement players, who derive a significant portion of their revenues from rural housing, says the founder and fund manager of Green Portfolio.
The rural economy should do well with the IMD forecasts of a normal monsoon. This should support consumer stocks derated in the absence of volume growth, says Nilesh Shah.
Mumbai, Apr 30 (PTI) Equity benchmark indices Sensex and Nifty ended lower on Tuesday as a fag-end sell-off wiped out early gains, with IT and power stocks playing spoilsport amid a mixed trend in global markets.