Several ministries may not be able to utilise their full allocation for the year, providing a cushion to the finance ministry to meet the sharply higher requirement for food, fertiliser and petroleum subsidies. The higher-than-budgeted nominal gross domestic product (GDP) growth will also help deficit numbers.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20