RENUKA.NSE News
Indian stock benchmarks set to open higher on improving earnings outlook
India’s equity benchmarks are poised to open higher on Monday, with the outlook remaining positive on improving earnings, while fading hopes of an imminent US interest rate cut weighed on global sentiment. The Gift Nifty futures were trading at 26,008 points, as of 7:40 a.m. IST, indicating that the Nifty 50 could open above Friday’s close of 25,910.05. Both Nifty and Sensex rose about 1.6% last week, as improving corporate earnings and a key state election result aided the buying interest. The gains were led by IT and pharmaceutical stocks, as the U.S. government’s reopening lifted hopes for economic clarity. “Sentiment remains strong for the Nifty 50 with the potential to move towards 26,200/26,350 levels in the short term,” said Rupak De, a senior technical analyst at LKP Securities. The Nifty 50 is currently trading 1.4% below the all-time high level of 26,277.37, touched in September 2024. “Though the Nifty has found resistance around 26,000, the magnitude of last week’s recovery signals the likelihood of an immediate upside move.” Asian markets were mixed, after Japan’s economy contracted for the first time in six quarters due to the U.S. tariff hit.
cityfalcon.com
India allows 1.5mn ton sugar exports on higher domestic surplus
MUMBAI: India allowed sugar exports of 1.5 million metric tons in the new season, the government said in a notification on Friday, as a decline in the diversion of sugar for ethanol production is expected to leave a larger domestic surplus. Higher exports from the world’s second-largest sugar producer could pressure benchmark New York and London futures which are hovering near five-year lows. Exports will help reduce sugar stocks in the country and support local prices, benefiting producers such as Balrampur Chini Mills, EID Parry, Dalmia Bharat and Shree Renuka Sugars. A 1.5 million ton export quota has been shared among operating sugar mills on a pro-rata basis, based on their average sugar production over the last three seasons, the government said in the notification. All grades of sugar are permitted for export. India was the world’s second-largest sugar exporter in the five years to 2022/23, with shipments averaging 6.8 million tons annually. But a drought led the government to ban sugar exports in 2023/24, and it allowed only 1 million tons to be shipped overseas last year.
cityfalcon.com
Top Sugar Stocks to Watch as Export Window Reopens
With India approving a 1.5 MT sugar export quota and lifting duties on molasses, key sugar stocks like Balrampur Chini Mills, Dalmia Bharat Sugar & Industries and Shree Renuka Sugars are in focus. Discover the opportunities and risks ahead.
cityfalcon.com
Wilmar International gets CCI nod to acquire 20% stake in AWL Agri Business
… acquiring the stake in AWL Agri Business Ltd. "The … capital of the target (AWL Agri Business) by the acquirer ( … equity share capital of AWL Agri Business Ltd, the Competition Commission … in India except through AWL Agri Business and Shree Renuka Sugars …
cityfalcon.com
Why E20 fuel is causing angst in India’s auto market
NEW DELHI: Indian Prime Minister Narendra Modi’s government’s roll-out of ethanol-blended fuel, called E20, has caused panic and confusion in the world’s third-largest auto market. Here are facts about E20 and details of its impact: How was E20 rolled out? How does it help? E20 is petrol blended with 20% ethanol, an alcohol mainly produced from sugarcane and grains such as maize and rice. It was introduced at a few pumps in April 2023 and has been rolled out across India since April 2025, replacing the 10% ethanol fuel, called E10, that most cars are designed to use. In recent weeks, older fuel blends like E10 and E5 have ceased to be available, leaving consumers with no choice but to buy E20. India says E20 reduces oil imports, helping to save $5 billion in foreign exchange this year, and will add almost $4.6 billion to farmer incomes. The fuel is also considered less polluting. Why are Indians angry? Brazil and the United States are among other major markets pushing ethanol-blended fuels.
cityfalcon.com