Shares of Kohinoor Foods jumped 7.4% to its days high of Rs 47.45 while the shares of Chaman Lal Setia Exports rose 7% to their new all-time high of Rs 313.95. Meanwhile, LT Foods shares price went up by 4.3% to Rs 412.20 whereas KRBL shares were up by 3.7% to a high of Rs 312.
India has lifted its ban on the export of non-basmati white rice, a move welcomed by exporters in West Bengal. The government also reduced the export duty on parboiled rice from 20 percent to 10 percent. This decision is expected to boost incomes for exporters and farmers with the upcoming kharif crop.
The BSE clarified its circular on new price surveillance measures today, which sparked a massive sell-off in midcap and smallcap equities today and Tuesday.