The minutes of the US Federal Reserve that hinted at slower and smaller future rate hikes boosted sentiment on the last day of November contracts gaving a fillip to the market with the Sensex closing above 62,000 for the first time ever. Traders are also pinning hopes on the seasonality factor as December has mostly been a strong month for the Nifty.
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