Forget global for a second, I still think that the GDP forecast which the RBI put out at 6.8% is too high and I think it is nearer to 6% to 6.3% which means that there is still got to be more downgrades to earnings in this quarter.
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