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    Stock market update: Sugar stocks up as market falls

    Synopsis

    The 30-share BSE Sensex was down 80.81 points at 66201.93

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    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    NEW DELHI: Sugar stocks were trading higher on Monday at 10:09AM

    KCP Sugar & Industries(up 4.99%), BAJAJHIND(up 3.48%), Mawana Sugars(up 3.05%), Dalmia Bharat Sugar & Industries(up 3.02%), Dwarikesh Sugar Industries(up 2.78%), MAGADHSUGAR(up 2.74%), AVADHSUGAR(up 2.69%), Uttam Sugar Mills(up 2.51%), Simbhaoli Sugars(up 2.44%) and Sakthi Sugars(up 2.44%) were among the top gainers.

    were among the top losers.

    The NSE Nifty50 index was trading 14.4 points down at 19736.65, while the 30-share BSE Sensex was down 80.81 points at 66201.93 at around 10:09AM.

    LTIMindtree Ltd.(up 1.63%), HCL Technologies Ltd.(up 1.58%), Coal India Ltd.(up 1.39%), Hero MotoCorp Ltd.(up 1.37%), Titan Company Ltd.(up 1.31%), Oil And Natural Gas Corporation Ltd.(up 1.13%), Tata Motors Ltd.(up 1.0%), Bajaj Auto Ltd.(up 0.92%), Tata Steel Ltd.(up 0.83%) and UltraTech Cement Ltd.(up 0.81%) were among the top gainers in the Nifty pack.

    On the other hand, Nestle India Ltd.(down 1.72%), Divi's Laboratories Ltd.(down 1.26%), Asian Paints Ltd.(down 0.9%), Grasim Industries Ltd.(down 0.72%), IndusInd Bank Ltd.(down 0.71%), Power Grid Corporation of India Ltd.(down 0.64%), Tata Consultancy Services Ltd.(down 0.62%), Bharat Petroleum Corporation Ltd.(down 0.61%), Adani Ports & Special Economic Zone Ltd.(down 0.6%) and HDFC Bank Ltd.(down 0.6%) were trading in the red.
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