Nifty is trading around the 200-day exponential moving average (23,691), which is likely to provide some relief after a 4.7% correction last week. Positive global cues should act as a supporting factor.
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