The Indian Rupee saw a significant rise against the US dollar in early trading. This appreciation is supported by a weaker dollar index and positive movement in domestic stock markets. Foreign fund inflows and a large dividend announcement from the Reserve Bank of India also boosted the rupee. Market participants are awaiting key economic data releases this week.
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