Sugar output may be higher than 32.5 MT
The country’s sugar production in the current season — 2023-24 — is likely to be higher than the 32.5 million tonne (MT) projected last month owing to favourable weather conditions in the key growing states, the Indian Sugar Mills Association (ISMA) said on Tuesday.
ISMA said the recent weather conditions have been favourable for the standing cane crop, and cane commissioners of major states like Uttar Pradesh, Maharashtra and Karnataka have done an upward revision of around 5-10% in their sugar production estimates for the 2023-24 season .
“We also believe that sugar production in the current year could be higher than what was expected earlier,” according to a statement by ISMA. The association will bring out a second advance estimate of sugar prod…
Will Nifty continue volatility or move higher- See GIFT Nifty, FII data, F&O, crude, more before market opens_1
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here is all you need to know before the market opens.
GIFT Nifty traded down 128 points or 0.57% at 22,480.00 indicating a weak opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 dropped 8.70 points or 0.04% to settle at 22,453.30, while the BSE Sensex pulled back 110.64 points or 0.15% to finish at 73,903.91.
Key things to know before share market opens on April 03, 2024
Wall Street
The stocks on Wall Street ended on a lower note as traders lowered expectations of rate cuts and high bond yields. The Dow Jones Industrial Averag…