The fourth quarter earnings season is nearing its end. Around 200 companies will announce their quarterly numbers on Friday. JSW Steel is expected to show improved earnings. This is due to better realisations and lower input costs. Ashok Leyland and BEML earnings are also awaited. Investors will be keen to hear management commentary on debt and capex.
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