📢 Morning Alert..
*No shortage of sugar in India, retail prices to come down soon: ISMA* 🍬
The Indian Sugar and Bio-Energy Manufacturers Association (Isma), the apex body of private sugar millers, on Monday asserted that there is no shortage of sugar in the country and retail prices are expected to come down over the next 7-10 days following steps taken by the government in the past few days. Prices have risen due to various factors, including speculative buying by traders and bulk consumers, as well as lower production caused by adverse weather conditions, Isma President Niraj Shirgaokar said at a press conference. He said sugar production would be sharply augmented in October, with 1 million tonne (mt) of sugar expected to be produced, against the normal 0.4-0.5 mt, once mills begin crushing early under the government’s direction. The Isma president also categorically said mills were not involved in creating an artificial scarcity or pushing up ex-mill prices. “India’s sugar balance remains fundamentally comfortable, with net sugar production for 2025-26 estimated at around 27.9 mt against domestic consumption of around 28-28.5 mt, and projected closing stocks of around 3.5 mt,” Shirgaokar said.
*Global market action* 🌍
Dow Jones – Up by 0.02% or 8.54 points
FTSE – Up by 0.35% or 37.76 points
CAC – Down by 0.37% or 31.42 points
DAX – Down by 0.11% or 29.96 points
Gift Nifty – Down by 0.18% or 44.50 points
*FII/DII activities* 💰
FII – Bought 1181.66Cr worth of shares
DII – Bought 2493.41Cr worth of shares.
*Major Indian Indices PE* 📊
Nifty 50 – 20.5x
Nifty Bank – 13.6x
*Stocks with high delivery percentage* 📈
ICICI Prudential AMC Ltd – 80.1%
Lauras Labs Ltd – 77.3%
UNO Minda Ltd – 76.9%
Aster DM Quality Care Ltd – 75.1%
*Primary market activities* 🏢
IPOs opening today
Annu Projects Ltd (Main board) – Issue size 175.06Cr
Sumax Engineering Ltd (NSE SME) – Issue size 53.40Cr
Listing today
Sunshine Pictures Ltd (Main board) – Subscribed 105.81x
Shankesh Jewellers Ltd (Main board) – Subscribed 2.80x
*Commodities updates* 🥇
Gold – Rs 163100/10gm, Silver – Rs 244063/kg, Brcrude – Rs 8129/barrel, Copper – Rs 1384.90/kg.
August 25, 2026 9.5K 3
