Stock market update: Sugar stocks down as market rises

NEW DELHI: Sugar stocks were trading lower on Wednesday at 10:55AM

Dalmia Bharat Sugar & Industries(up 1.61%), Rajshree Sugars & Chemicals(up 0.88%), Ponni Sugars(Erode)(up 0.83%), Bannari Amman Sugars(up 0.78%), Simbhaoli Sugars(up 0.42%), BAJAJHIND(up 0.41%), Balrampur Chini Mills(up 0.39%), Ugar Sugar Works(up 0.36%), Sakthi Sugars(up 0.31%) and KCP Sugar & Industries(up 0.22%) were among the top gainers.

MAGADHSUGAR(down 2.31%), Uttam Sugar Mills(down 1.83%), & Industries(down 1.62%), Dhampur Sugar Mills(down 0.91%), AVADHSUGAR(down 0.85%), Mawana Sugars(down 0.68%), DCM Shriram Industries(down 0.63%), Vishwaraj Sugar Industries(down 0.55%), Rana Sugars(down 0.55%) and Dharani Sugars & Chemicals(down 0.46%) were among the top losers.

The NSE Nifty50 index was trading 13.55 points up at 16071.85, while the 30-share BSE Sensex was up 46.4 points at 53933.01 at around 10:55AM.

Hindustan Unilever(up 2.17%), Asian Paints(up 1.55%), Kotak Mahindra Bank(up 1.16%), Bharat Petroleum Corporation(up 1.15%), Grasim Industries(up 1.12%), NTPC(up 0.95%), Larsen & Toubro(up 0.93%), Dr Reddys Laboratories(up 0.9%), TATA CONSUMER PRODUCTS(up 0.86%) and Nestle India(up 0.82%) were among the top gainers in the Nifty pack.

On the other hand, IndusInd Bank(down 3.35%), Bharti Airtel(down 1.52%), HCL Technologies(down 1.15%), HDFC Bank(down 0.97%), Hindalco Industries(down 0.61%), Reliance Industries(down 0.53%), Adani Ports & Special Economic Zone(down 0.5%), Titan Company Ltd(down 0.47%), Shree Cement(down 0.42%) and Hero MotoCorp(down 0.42%) were trading in the red.