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BSE's Sensex advanced 303.91 points, or 0.44 per cent, to end at 69,825.60. NSE's Nifty50 added 68.25 points, or 0.33 per cent, to end the day at 20,969.40 for the day. ....
Earlier today Bloomberg cited sources saying that India is considering curbing ethanol production adding that authorities are studying a proposal to limit the use of sugarcane juice to produce ethanol for the current season. ....
The Fast developing El Nino conditions are likely to result in a decline in net sugar production by 4 mt 12%, specifically in Maharashtra and Karnataka, the note said adding that this would keep domestic sugar prices firm for the next one year. ....