Stock market update: Sugar stocks down as market falls

NEW DELHI: Sugar shares closed lower in the Wednesday's session.

Ugar Sugar Works(up 5.00%), Simbhaoli Sugars(up 4.71%), Balrampur Chini Mills(up 0.62%) and EID Parry(up 0.07%) stood among the top gainers.

Uttam Sugar Mills(down 3.68%), Rajshree Sugars & Chemicals(down 3.61%), Ponni Sugars(Erode)(down 3.49%), Sakthi Sugars(down 3.19%), K.M.Sugar Mills(down 2.42%), Dharani Sugars & Chemicals(down 2.30%), DCM Shriram Industries(down 2.08%), Kothari Sugars & Chemicals(down 2.03%), BAJAJHIND(down 1.94%) and MAGADHSUGAR(down 1.84%) were among the top losers of the day.

The NSE Nifty50 index ended 69.85 points down at 17245.65, while the 30-share BSE Sensex closed down 304.48 points at 57684.82.

Hindalco Industries(up 2.53%), Dr Reddys Laboratories(up 2.41%), Divis Laboratories(up 2.36%), Tata Steel(up 2.23%), UPL Ltd(up 1.66%), JSW Steel(up 1.13%), ITC(up 0.9%), Indian Oil Corporation(up 0.87%), Power Grid Corporation of India(up 0.67%) and Eicher Motors(up 0.58%) stood among the top gainers in the Nifty pack.

On the other hand, HDFC(down 2.35%), Kotak Mahindra Bank(down 2.11%), Bharti Airtel(down 1.99%), Britannia Industries(down 1.78%), Cipla(down 1.76%), Maruti Suzuki(down 1.57%), Bajaj Auto(down 1.5%), Mahindra & Mahindra(down 1.46%), Sun Pharmaceutical Industries(down 1.45%) and Hero MotoCorp(down 1.2%) closed in the red.