Indian equity indices closed near record highs on June 16, helped along by a possible rate pause by the US Federal Reserve, favourable WPI inflation data and upbeat global investments. While metal pack led gains, sectors including private banking and financial services saw selling pressure.
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