Indian sugar production is poised for a record-breaking year thanks to increased cane cultivation driven by abundant water and poor returns from other crops. This surge is expected to allow India to resume sugar exports in 2025/26, potentially impacting global sugar prices by increasing supply amidst anticipated shortages from Brazil.
Nifty rally not sustainable on few big names, broader participation essential: Rahul Ghose of Hedged.in
The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential
December 29, 2024