Rain lashed parts of Delhi in the early hours of today, extending a wet spell in the national capital and bringing much-needed relief to residents from the recent humid conditions.

The India Meteorological Department (IMD) has issued an “Orange Alert” for the capital, signalling heavy rainfall over the region through most of the day.

Continuous rain led to slight waterlogging in parts of the city, including the New Delhi Railway Station, Munirka and other parts.

According to IMD, fairly widespread to widespread rainfall is likely over Haryana, Chandigarh, Delhi and West Uttar Pradesh until July 10. A fresh spell of rain is expected to continue over Northeast Uttar Pradesh till July 13, while East Rajasthan is likely to see similar activity on July 9.

– ANI

The Centre on Tuesday (July 7, 2026) said that the rainfall deficit has come down to 12%, with the first week of July recording above-normal monsoon activity, and asserted that an El Nino year may not necessarily lead to below-normal rainfall.

The Prime Minister’s Office (PMO) said in the context of the progress of the kharif season and possible impact due to El Nino on other sectors of the economy, a high-level review meeting was held under the chairmanship of Principal Secretary to Prime Minister PK Mishra to review and take stock of the preparedness measures undertaken in this regard.

At the outset of the meeting, officials of the Indian Meteorological Department (IMD) presented the overall rainfall situation from June to July 7, while its director general provided an update on the status of monsoon coverage in the country and the possible impact of El Nino.

There was a delay in the onset of monsoon by about 10 days in Gujarat, Madhya Pradesh, Chhattisgarh and Maharashtra.

– PTI

Benchmark stock index Sensex tumbled 1,092 points and Nifty closed below 24,550 on Friday (May 29, 2026) amid reports of a below-normal monsoon season rainfall and geopolitical uncertainty related to the U.S.-Iran ceasefire arrangement.

Dragged by a late-minute selling rush, the 30-share BSE Sensex tumbled 1,092.06 points, or 1.44%, to settle at 74,775.74. During the day, it dropped 1,278.69 points, or 1.68%, to 74,589.11.

Falling for the third consecutive session, the 50-share NSE Nifty dived 359.40 points, or 1.50%, to end at 23,547.75.

Among 30 Sensex firms, Power Grid, InterGlobe Aviation, NTPC, Mahindra & Mahindra, Tata Steel and Bajaj Finance were the major laggards.

Tech Mahindra, HCL Tech, Larsen & Toubro and Infosys were the gainers.

The June-September southwest monsoon rainfall over India is expected to be 90% of the long-period average with a model error of 4%, the India Meteorological Department (IMD) said on Friday (May 29, 2026).

While the northeast is likely to witness normal rainfall this monsoon season, the remaining parts of the country may see below normal rainfall, the weather office said. LPA refers to the rainfall recorded over a particular region for a given interval, such as a month or season, averaged over a long period of time, typically 30 to 50 years.

“The market witnessed broad-based selling pressure following the IMD’s monsoon forecasts to 90 per cent of the long-period average, raising concerns among investors. The prospect of deficient rainfall, coupled with the increasing likelihood of an El Niño weather pattern, has heightened fears of elevated food inflation in the coming month,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

However, the downside risk appears partially mitigated by the recent moderation in crude oil prices and bond yields, he said.

Brent crude, the global oil benchmark, dropped 1.52% to $92.29 per barrel.

“Geopolitical uncertainty also continued to weigh on investor confidence. Although initial optimism emerged around a possible extension of the US-Iran ceasefire arrangement, the absence of formal confirmation from Washington kept global institutional investors cautious ahead of the weekend, limiting aggressive risk-taking across equities,” Hariprasad K., Research Analyst and Founder, Livelong Wealth, said.

In Asian markets, South Korea’s benchmark Kospi, Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index ended higher, while Shanghai’s SSE Composite index settled lower.

Markets in Europe were trading in positive territory. U.S. markets ended higher on Thursday (May 28, 2026).

Stock markets were closed on Thursday (May 28, 2026) for Eid-ul-Azha.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,042.70 crore on Wednesday (May 27, 2026), according to exchange data.

On Wednesday (May 27, 2026), the Sensex declined 141.90 points, or 0.19%, to settle at 75,867.80. The Nifty skidded 6.55 points, or 0.03%, to end at 23,907.15.

Published – May 29, 2026 04:43 pm IST