Nifty-50 climbs 157 points, Government readies sugar relief package | Market Fatafat | Sept 1

Описание: The market seems to be recuperating from the losses that were witnessed yesterday. The Nifty-50 is back above the 11,500 mark. The much awaited relief package to the sugar sector is expected before October 1. The package also includes hike in MSP and higher export quota.

The sugar package was pending with the cabinet from such a long time and has finally been given a nod. The bailout sugar package is likely to be released by government before October 1. The MSP hike will be from Rs 31 to Rs 33/Kg and a 5% hike is expected in the exports quota of sugar as well.

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