Sugar stocks surged in morning trade on September 2 after the government decided to remove limits on ethanol production from sugarcane juice, sugar syrup, and molasses for the year 2025-26.The government had restricted production of ethanol from sugarcane juice, syrup and all types of molasses in the current marketing year amid a drop in sugarcane supplies. In the new ethanol supply year starting ...

Shares of mall operator and real estate player The Phoenix Mills rallied nearly five percent in trade on Tuesday, September 2, after domestic brokerage Motilal Oswal upgraded the counter to 'buy,' citing a strong growth outlook.The broking house upgraded its rating on the stock, while hiking its target price to Rs 2,044, which indicated a 35 percent upside from current levels. At 9.55 a.m., shares...

Shares of One Mobikwik Systems surged 11 percent to Rs 262 apiece on September 2 after key shareholder Abu Dhabi Investment Authority (ADIA) exited its stake in the payments solutions provider via block deals a day earlier.According to block deal data on the National Stock Exchange (NSE), ADIA sold 16.44 lakh equity shares of Mobikwik at an average price of Rs 238.45 per share, taking the total de...

The market rebounded sharply after a three-day correction, taking support at the rising trendline (24,420) and finishing 0.81 percent higher on September 1, marking a good start to the week. Overall, the sentiment remains bearish, and the sustainability of this rally is key to watch. The index reached close to the 100-day EMA (24,630), which is crucial for a further upward move toward the 24,700�...

The benchmark indices bounced back after sharp weakness in the previous week, with the Nifty 50 rising 198 points on September 1. The market breadth also turned positive, as about 1,945 shares saw buying interest compared to 862 declining shares on the NSE. As long as the frontline indices defend the previous week's low, a gradual upward move is possible amid rangebound trading. Below are some sho...