Asian stock markets saw a decline following Wall Street’s losses. Concerns about the United States’ deficit impacted investor sentiment. Treasury yields rose, particularly for long-term debt. Weak demand at a bond auction heightened worries about US borrowing. This development dampened the recent recovery in risk assets. The market is reacting to deficit concerns and budget debates.
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