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Benchmarks likely to make slightly positive start
India, April 16 -- Indian markets extended their northward journey for third straight session on Monday following firm global cues and buying in blue-chip counters such as Tata Motors, TCS and Coal India. Today, the markets are likely to make slightly positive start tracking optimistic monsoon forecast and good trade data. The India Meteorological Department (IMD) has said that the country is likely to have near normal monsoon this year with a well distributed rainfall which could be beneficial for the agriculture sector. It added that the seasonal rainfall is likely to be 96% of the Long Period Average (LPA) with a model error of plus or minus 5%. It also said weak El Nino conditions are likely to prevail during the monsoon season with red...
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