Sugar stocks surge up to 10% on firm price forecasts

Sugar stocks surge up to 10% on firm price forecasts

Mumbai: Shares of sugar producers were among the top gainers in Wednesday’s trading on news reports Alvean, the world’s largest sugar trader, forecast a global shortage in the season starting October. With the domestic festive season around the corner, analysts expect sugar prices to firm up on account of shortages. Avadh Sugar & Energy surged … Read more

Ahead of Market: 10 things that will decide D-Street action on Friday

Ahead of Market: 10 things that will decide D-Street action on Friday

Boosted by positive Q1 earnings by some counters and strong global cues, Indian equities rallied to fresh record highs for yet another session on Thursday. Nifty ended shy of 20,000 levels. Nonetheless, Friday’s session may be influenced by Infosys earnings wherein the IT behemoth sharply slashed its revenue guidance for FY24. Here’s how analysts read … Read more