Sugar stocks surged up to 8% following Food Minister Pralhad Joshi’s announcement that the government is considering increasing ethanol prices and raising the minimum selling price of sugar. The rally was led by Balarampur Chini, which rose 8%. The minister also mentioned that a decision on sugar exports would depend on production estimates for the upcoming season.
BPCL, Sun Pharma among 7 Nifty50 stocks that hit 52-week highs on Friday
Sensex and Nifty fell into the red on Friday, ending their seven-day winning streak, despite gains in some financial stocks.