Rohit Srivastava suggests the market is holding gains with sector rotation, eyeing 25,300 on the Nifty. Key levels to watch are 24,494 for Nifty and 54,800 for Bank Nifty, with a potential breakout above 55,650 targeting 58,000-60,000. He favors NBFCs and oil marketing companies, noting better midcap earnings and a bullish outlook on pharma stocks.
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