Stock market update: Sugar stocks up as market rises

NEW DELHI: Sugar stocks were trading higher on Monday at 10:50AM

Simbhaoli Sugars(up 6.83%), Vishwaraj Sugar Industries(up 3.13%), Triveni Engineering & Industries(up 1.82%), BAJAJHIND(up 1.09%), Balrampur Chini Mills(up 1.01%), K.M.Sugar Mills(up 0.74%), Sakthi Sugars(up 0.70%), Dharani Sugars & Chemicals(up 0.64%), Bannari Amman Sugars(up 0.49%) and Rana Sugars(up 0.45%) were among the top gainers.

DCM Shriram Industries(down 2.19%), Ponni Sugars(Erode)(down 1.27%), Shree Renuka Sugars(down 0.69%), KCP Sugar & Industries(down 0.41%), Ugar Sugar Works(down 0.36%), Dwarikesh Sugar Industries(down 0.11%) and MAGADHSUGAR(down 0.05%) were among the top losers.

The NSE Nifty50 index was trading 123.95 points up at 18623.3, while the 30-share BSE Sensex was up 470.99 points at 62972.68 at around 10:50AM.

Mahindra & Mahindra(up 3.28%), Hindalco Industries(up 2.29%), IndusInd Bank(up 1.93%), HDFC(up 1.72%), ITC(up 1.56%), HDFC Bank(up 1.51%), SBI Life(up 1.48%), Bajaj Finserv(up 1.17%), NTPC(up 1.12%) and Tata Steel(up 1.08%) were among the top gainers in the Nifty pack.

On the other hand, Oil & Natural Gas Corporation(down 3.05%), Sun Pharmaceutical Industries(down 1.48%), Divis Laboratories(down 0.87%), Adani Enterprises(down 0.72%), Maruti Suzuki(down 0.71%), HCL Technologies(down 0.5%), Bharat Petroleum Corporation(down 0.27%), Apollo Hospitals Enterprises(down 0.25%), Infosys(down 0.22%) and Cipla(down 0.17%) were trading in the red.