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BSE's Sensex advanced 303.91 points, or 0.44 per cent, to end at 69,825.60. NSE's Nifty50 added 68.25 points, or 0.33 per cent, to end the day at 20,969.40 for the day.

Earlier today Bloomberg cited sources saying that India is considering curbing ethanol production adding that authorities are studying a proposal to limit the use of sugarcane juice to produce ethanol for the current season.

Indian frontline indices ended with gains on Thursday after recording new lifetime highs in the morning session.

The Fast developing El Nino conditions are likely to result in a decline in net sugar production by 4 mt 12%, specifically in Maharashtra and Karnataka, the note said adding that this would keep domestic sugar prices firm for the next one year.

The alliance, with the United States and Brazil as its founding members, would help accelerate global efforts to meet net zero emissions targets by facilitating trade in biofuels derived from sources including plant and animal waste, a Reuters report said.

Dividends are the special rewards that a company gives to its shareholders from the profit it has made. When the company makes profits, it either reinvests it into the business for growth or distributes profits with its shareholders. Some companies do a bit of both. This sharing of profits with shareholders is what we call dividends.

The gains have been on the back of over 3% jump in the price of sugar in a fortnight to their highest level in six years. A Reuters report quoted traders and industry officials attributing limited rainfall in the countrys key growing regions to be the reason for this panic hinting a fall in production in the upcoming season.

The incremental tailwind is expected from attractive international prices, which could catalyse a positive in sugar realizations, Dwarikesh Sugar said in its financial year 2022-23 annual report.

Multibagger stock: Ugar Sugar shares have risen from Rs 14.49 on June 19, 2020 to an intraday high of Rs 124.60 on June 19, 2023, translating into 760% returns during the period.