-Mkt trading in positive zone, yest foreign mkt closed positive gain, with taking note of easing US inflation rate
-nifty , sensex may trade rangebound, mood remain positive in early hours
-matrix lab trading positivly up 3%, long term target is 300.
-reliance cap in positive zone , stay long target is 1000
-fortunatly rally in RNRL rally is still on, good to exit from stock , invest in better stoc-
-suzlan is good stock , around 1000 very good buy , results are negative but future is good
-NTPC had come with good news , now also can enter into nuclear power generation ,the company has expansion plan, also given good annual results, stock has consolidated in current phase, correction has support at 145 level , long term good share, one of risk free share
-moser baer has entered on F&O segment, more volume will see in the stock . today stock is aleardy up 2.69%
-the global sugar suplus will touch 6.9mn tonns driven by expansion in cane production in countries like Brazil and India. In brasil most of part is uesd for production of ethanol which is mandatory to add in petrol, then also sugar production is at record high, In India situation is similar. The factory are running in debt, and this burdon is incresing day by day, This year monsoon is going to good so more sugarcane will be there in states like maharastha , UP, and tamilnadu, can make situation worst.Results of most sugar industries are also not good .
Todfay mkt mood for sugar sector is positive but long term investment is getting risky and it is for sure that sugar stocks may not as sweet as given hefty retuns for investment for last couple of years,
Today major gainers in sugar sector is BAJAJ HINDUSTAN,, AND SHREE RENUKA
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