Nifty has broken crucial resistance levels of 18,800, leading to a bullish market. Writers of call options have been covering their positions, indicating a positive sentiment. The Nifty being above 18,800 and its moving averages below its current value support the bullish outlook.
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