Equity benchmarks, the BSE Sensex and Nifty, ended lower on Thursday due to the Fed’s hawkish comments, which overshadowed the pause in rate hikes. L&T Finance rose 4.72%, RBL Bank dropped 3.78%, and Godrej Properties was up 4.15%. According to Amol Athawale, VP-Technical Research Analyst at Kotak Securities, investors should buy L&T Finance above Rs 113, buy RBL Bank above Rs 175 and buy Godrej Properties on dips.
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