India sugar rises on NCDEX due to bargain buying, flat in spot markets.

Futures contracts of sugar on NCDEX rise due to bargain buying, after remaining either down or stable for the last six sessions. NCDEX July contract up 0.5%. Prices of sugar remained largely unchanged in the key wholesale markets of the country amid lacklustre trade. Prices are likely to remain bearish in the near-term because of concerns over the implementation of goods and services tax.