India isn’t expected to ship any sugar for the season that just started, a shift from two seasons ago when exports were as much as 11 million tons. That means markets are depending on Brazil, Mauro Angelo, chief executive officer at Alvean, a trading house controlled by Brazilian producer Copersucar SA said, making prices extremely sensitive to issues like untimely rains that threaten to disrupt harvests or delay ship loadings.
What to do with Bajaj Auto, DMart, Manappuram Finance and 3 other stocks? Aamar Deo of Angel One decodes
Most of the technical and derivatives indicators point towards a consolidation this week, with markets likely to be further driven by quarterly earnings, FII flows,