Weakness persists in the US Dollar Index as it fell from its cycle high of 113.92 on October 13 to its cycle low of 105.34 on November 15 on market participants adjusting to the slower rate hike path of the US Federal Reserve.Gold closed the week ended on November 27 with a gain of 0.15%, which is not much given the fact that the US Dollar Index slid around 0.95% to 105.97, while the 10-year US yields were down nearly 3% to 3.69% on the 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