The Met department has predicted the onset of the monsoon in Kerala on May 30, but the seasonal rainfall may arrive a day earlier.
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The S&P BSE Sensex which has rallied about 14 percent so far in 2017 has lost some momentum after hitting a record high of 30,712.35 earlier in the month of May.
However, experts on D-Street are not too worried as expectations of better than expected monsoon and implementation of goods & services tax (GST) by July is likely to push benchmark indices to fresh record highs.
The India Meteorological Department (IMD) has predicted the onset of the monsoon in Kerala on May 30 this year, but the seasonal rainfall may arrive a day before, said a report.
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