With the earnings catching up fast, benchmark indices are back to the long-term median valuation levels (Current Nifty PE at 21.5x). Hence, we are expecting by the H2FY24, we may be on for Nifty 20K levels and beyond.
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