Despite concerns over lousy earnings, large technology-related firms are on track to increase their combined profits to $315bn by 2023, which is almost double their pre-pandemic earnings in 2019. This growth rate could justify the stock market’s surge despite the current economic climate.
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