Indian sugar stocks have zoomed on the stock markets today following positive news after the Allahabad High Court asked the UP Government to reconsider SAP on Sugar.
Allahabad High Court has asked the Uttar Pradesh Government to scrap SAP for sugar companies. This news has come as a positive and favorable for the Indian sugar industry. The High Court asked the UP Government to reconsider about SAP. Sugar Industry sources feel that the High Court is able to understand their situation and have taken their suggestions.
On BSE
Balrampur Chini - Rs.111.60
Bajaj Hindustan - Rs.277.70
Dhampur Sugar - Rs.92.70
EID Parry - Rs.178.00
KCP Sugar - Rs.26.65
December 19th, 2007
Indian markets open in the green. Reliance Petroleum, Reliance Industries, ONGC, BHEL, ICICI Bank, M&M, HDFC Bank, Cipla are all in the green. Jyothy Laboratories got listed today. The script is trading at Rs. 802 levels.
Infosys is up 23-odd rupees today and IT sector in general is getting positive trading interest today.
IFCI is up 5.2% and GTL Ispat Industries has hit its yearly high today. Deccan Aviation is trading at 323 levels. Centurion Bank of Punjab is trading at 58.75 levels. This mid-cap stock is getting both traders and short-term investors interest in recent times.
Both the Broad and sector-specific indices on NSE and BSE are largely positive.
The Asian Markets are trading mostly positive. Shanghai Composite and Taiwan Weighted is up 2.3%. Hang Seng is up 1.2%.Japanese stocks however are trading in the red much because of its own economics. Much of this is reaction was because of the news US Housing Data of November 2007 which is in line with the street expectations.
December 19th, 2007