“The steepener is a challenging trade,” said Michael de Pass, global head of linear rates at Citadel Securities, adding it’s not the time to put on this trade.
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