Millers across the country have said there is a sharp rise in prices in the past 2 weeks. The price of milling wheat in Mumbai has increased by ₹2.5-3/kg during the past 10-15 days touching ₹26/kg. Sanjay Jain Paharia, a wheat exporter from North India, said wheat prices have increased by ₹2/kg to hit ₹25/kg at Kandla.
Nilesh Shah on why you should never predict the market
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.