Equity benchmarks reached all-time highs on Wednesday, driven by foreign investment and a rally in developed markets. Stocks such as Titagarh Wagon, Titan, and Quess Corp gained on Wednesday, prompting recommendations from Riches Vanara, Technical And Derivatives Analyst at stoxbox. While Titagarh Wagon shows constructive base formation, caution is advised due to overheated price momentum. Titan, on the other hand, shows positive price action and bullish momentum, making it a buy with strong support levels. Quess Corp has broken resistance and consolidation zones, indicating a buy opportunity with supportive volume.
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