Fertilizer and agrochemical stocks surged, fueled by robust Q1 results from companies like Paradeep Phosphates and Mangalore Chemicals & Fertilisers. A resurgence in demand post-COVID and promising monsoon forecasts, exceeding normal levels by 6%, further bolstered investor confidence. Several companies have witnessed substantial gains in recent months, driven by import replacement opportunities.
Fed’s rate cut well received by global markets: Mitul Kotecha
Global equities rallied after the US Federal Reserve’s 25-basis-point rate cut, though future moves remain uncertain due to a divided Fed stance. The central bank