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Markets trade flat with negative bias
India, May 16 -- Indian equity benchmarks were trading slightly in red in mid-morning trade as traders remain concerned about report that monsoon rains are expected to hit Kerala on June 6, five days after its normal onset date. The India Meteorological Department (IMD) also said the southwest monsoon arrival over the State is likely to be slightly delayed. The agriculture in India is heavily dependent on the monsoon rains due to lackluster irrigation facilities. Selling in software and power counters too dampened sentiments, while buying was witnessed in healthcare and telecom sector. Weakness in Asian counterparts too weighed down sentiments with most of the regional counters are trading in red at this point of time on reports that US Pre...
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