Stock market update: Sugar stocks down as market rises

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NEW DELHI: Sugar stocks were trading lower on Wednesday at 10:29AM

Ponni Sugars(Erode)(up 10.00%), Dharani Sugars & Chemicals(up 9.80%), Sakthi Sugars(up 7.69%), Rana Sugars(up 5.41%), Simbhaoli Sugars(up 4.94%), Shree Renuka Sugars(up 4.86%), BAJAJHIND(up 4.73%), K.M.Sugar Mills(up 3.79%), MAGADHSUGAR(up 2.62%) and Mawana Sugars(up 0.51%) were among the top gainers.

KCP Sugar & Industries(down 5.60%), Kothari Sugars & Chemicals(down 3.73%), Bannari Amman Sugars(down 3.11%), EID Parry(down 2.97%), Dhampur Sugar Mills(down 1.72%), Uttam Sugar Mills(down 1.41%), AVADHSUGAR(down 1.17%), Triveni Engineering & Industries(down 1.04%), Rajshree Sugars & Chemicals(down 1.00%) and Balrampur Chini Mills(down 0.77%) were among the top losers.

The NSE Nifty50 index was trading 24.6 points up at 17829.85, while the 30-share BSE Sensex was up 75.88 points at 59931.81 at around 10:29AM.

Bajaj Finance(up 3.05%), Bajaj Finserv(up 2.28%), Indian Oil Corporation(up 2.15%), Asian Paints(up 1.85%), ICICI Bank(up 1.68%), Bajaj Auto(up 1.64%), JSW Steel(up 1.46%), HDFC Bank(up 1.44%), Kotak Mahindra Bank(up 1.32%) and Axis Bank(up 1.31%) were among the top gainers in the Nifty pack.

On the other hand, Tech Mahindra(down 2.32%), HCL Technologies(down 1.98%), Infosys(down 1.91%), Wipro(down 1.7%), TATA CONSUMER PRODUCTS(down 1.3%), Tata Consultancy(down 1.2%), Reliance Industries(down 0.84%), Tata Motors(down 0.67%), Divis Laboratories(down 0.64%) and NTPC(down 0.64%) were trading in the red.