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Indian equities in bear markets

Indian equities have entered bear markets when US slips into recession: Morgan Stanley

Historically, Indian equities have entered bear markets when the US has slipped into recession, foreign brokerage, Morgan Stanley said in a report. The US interest rate cycle and, thus, the US dollar could continue to be a source of volatility for Indian equities in the coming months due to their negative effect on earnings and BoP.

High production cost of Sugar in UP likely to adversely impact its export

High production cost of Sugar in UP likely to adversely impact its export

As against a projected sugar production of over 100 MT in the upcoming crushing season (2022-23), the state’s own consumption is likely to remain at 40 MT, leaving a vast chunk of sugar to remain stored in the mills if the state fails to push its stock in the national market, sources said.