With sugar prices ruling below cost of production of the mills, the diversion of sugarcane products for ethanol production helps sugar mills to maintain a steady income.
Among the Nifty pack, big boy Reliance, ICICI Bank, Infosys, Nestle, Tata Motors, TCS and Hero Moto were among the top gainers, while there were only four Nifty stocks lagging in the red today- Apollo Hospitals, Sun Pharma, Asian Paints and Divi's Labs. Defense stocks such as BEL, Bharat Dynamics, Garden Reach Shipbuilders and Cochin Shipyard were gaining in trade to., Markets News, Times Now
Thursday saw the global winds affecting the market and both NSE and BSE closed on the red mark. Friday is the last trading day of the week and fluctuations may continue , , share prices today, share markets, stock prices today, stock market, nse nifty, bse sensex, bombay stock exchange, national stock exchange, daily update, latest updates
India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season's exports at 1 crore tonnes, a government source told Reuters on Tuesday. India is the world's biggest sugar producer and the second biggest exporter behind Brazil. Reuters in March reported that India was planning to curb sugar exports