The Indian rupee has recovered marginally from the lower level
The Indian rupee has recovered marginally from the lower level but trading lower by 8 paise at 69.23 per dollar versus previous close 69.15.
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Sugar stocks gained momentum on June 27, which could be ahead of Union Budget 2019 scheduled to be announced on July 5, and on back of monsoon which covered entire country this week
Rajshree Sugars was the biggest gainer amongst them with 19 percent upside, followed by Balrampur Chini, Bajaj Hindusthan, Uttam Sugar, Ugar Sugar, Dalmia Sugar, Dhampur Sugar, Dwarikesh Sugar, Kothari Sugars, Sakthi Sugars, etc which gained between 3-7 percent intraday. Benchmark indices remained higher with the Sensex rising 133.85 points to 39,725.93 and the Nifty50 climbing 34.70 points to 11,882.20.
About two shares advanced for every share falling on the BSE.
It is flat to a positive start for the Indian indices on June 27 on the back of no major global cues.
At 09:17 hrs IST, the Sensex is up 74.75 points or 0.19% at 39666.83, and the Nifty up 21.90 points or 0.18% at 11869.40. About 461 shares have advanced, 229 shares declined, and 28 shares are unchanged
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