Stock market update: Sugar stocks down as market falls

NEW DELHI: Sugar stocks were trading lower on Monday at 11:26AM

EID Parry(up 0.43%) and Bannari Amman Sugars(up 0.22%) were among the top gainers.

Ponni Sugars(Erode)(down 4.49%), Dharani Sugars & Chemicals(down 4.43%), Simbhaoli Sugars(down 3.61%), Sakthi Sugars(down 3.15%), Shree Renuka Sugars(down 3.04%), Dwarikesh Sugar Industries(down 2.98%), Uttam Sugar Mills(down 2.84%), BAJAJHIND(down 2.37%), K.M.Sugar Mills(down 2.32%) and Rajshree Sugars & Chemicals(down 2.19%) were among the top losers.

The NSE Nifty50 index was trading 106.35 points down at 17359.45, while the 30-share BSE Sensex was down 295.27 points at 59168.66 at around 11:26AM.

Kotak Mahindra Bank(up 1.7%), NTPC(up 0.85%), ICICI Bank(up 0.77%), State Bank of India(up 0.72%), Adani Ports & Special Economic Zone(up 0.62%), IndusInd Bank(up 0.56%), Power Grid Corporation of India(up 0.53%), HDFC(up 0.52%), Oil & Natural Gas Corporation(up 0.48%) and Bharat Petroleum Corporation(up 0.43%) were among the top gainers in the Nifty pack.

On the other hand, Adani Enterprises(down 6.13%), Bajaj Auto(down 4.81%), UPL Ltd(down 3.01%), Infosys(down 2.73%), Eicher Motors(down 2.73%), Tata Steel(down 2.69%), Dr Reddys Laboratories(down 2.47%), Hindalco Industries(down 2.23%), Mahindra & Mahindra(down 2.02%) and Tata Motors(down 2.0%) were trading in the red.