1. As a trader one must keep an eye on govt policies as it affects the stock prices tremendously. I will quote an example to let you all comprehend the fact that how govt policies in India is affecting sugar prices and same is listed below:
2. Govt has preffered not to take decision related to de-control of sugar prices, and has deferred th decision till 01 oct,2008. As a net result the release of this news led to fall in prices of sugar stocks namely Sakthi Sugar which came down 4.96%, Bajaj Hindustan came down by 1.55% and Renuka Sugar came down by 0.45%.
3. Sugar stocks have reacted negatively to news due to the fact that lesser government control on sale of sugar is positive for the sector.
4. Presently it is an oversupply in both domestic and international market which is creating a stagnation in prices of sugar.
Subscribe To Get Free Stock Market Tips in Email Here
Enter your Email
Preview | Powered by FeedBlitz