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▼ Bearish for Indian equities
El Niño nears record levels as Pacific waters continue to warm
The brief
- Models expect a positive IOD to develop during Southern Hemisphere spring
- A strong El Niño may weigh on monsoon-sensitive Indian agriculture and consumer companies
- Nepal plans to import up to 1,100 MW power from India this winter
- Rabi 2026 target set at 178 MT as Centre steps up preparedness for El Nino, crop losses
- India's IIP growth may remain in single digits despite festive demand as weak monsoon, global risks weigh: Report
- The road ahead: How to invest amid macro uncertainty as oil on boil, Indian economy under heat of weak monsoon too?
- H1 digest: India's consumption engine powers on despite emerging headwinds
Forecast for a strong El Niño
The WMO warned that the El Niño event could become the strongest ever recorded, amid record-breaking Pacific heat highlighted by economist Sanjeev Sanyal. The IRI said it may become very strong in late 2026 and early 2027, raising risks for India.
Tuesday, 29 September
- El Niño nears record levels as Pacific waters continue to warm