The budget is likely to maintain its fiscal consolidation and borrowing targets, as per the announcement made in the Interim budget in February. We expect continuation on the policy front and the messaging to be consistent with previous budgets.
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