Markets Daily India

Below-Average Monsoon May Delay Recovery in India Consumer Demand

A longer summer could benefit makers of ice-creams, dairy drinks, and soft beverages.
A dried-out lake in Chennai.Photographer: Dhiraj Singh/Bloomberg
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Good morning...

I’m Savio Shetty in Mumbai with your mid-week dose of news as traders return to their desks after Tuesday’s holiday.

Several stock market gauges around the world — from the US to Taiwan — have now erased all their losses since the start of the Iran war, as financial markets price in a possible path to peace. In currencies, the Australian dollar and euro also erased their declines against the greenback, while the yuan has strengthened.