Stock market update: Sugar stocks up as market falls

NEW DELHI: Sugar stocks were trading higher on Tuesday at 10:49AM

Rajshree Sugars & Chemicals Ltd.(up 8.80%), Simbhaoli Sugars Ltd.(up 3.02%), Rana Sugars Ltd.(up 2.85%), Bannari Amman Sugars Ltd.(up 2.28%), Magadh Sugar & Energy Ltd.(up 2.12%), Dalmia Bharat Sugar and Industries Ltd.(up 1.73%), Kothari Sugars & Chemicals Ltd.(up 1.55%), Uttam Sugar Mills Ltd.(up 1.42%), Ponni Sugars(Erode)Ltd.(up 1.30%) and KM Sugar Mills Ltd.(up 1.18%) were among the top gainers.

DCM Shriram Industries Ltd.(down 1.26%), Bajaj Hindusthan Sugar Ltd.(down 1.10%), KCP Sugar & Industries Corporation Ltd.(down 0.54%), Ugar Sugar Works Ltd.(down 0.42%), Avadh Sugar & Energy Ltd.(down 0.37%), Dwarikesh Sugar Industries Ltd.(down 0.14%), Shree Renuka Sugars Ltd.(down 0.12%) and Triveni Engineering & Industries Ltd.(down 0.05%) were among the top losers.

The NSE Nifty50 index was trading 38.55 points down at 22423.45, while the 30-share BSE Sensex was down 154.64 points at 73859.91 at around 10:49AM.

Bharat Petroleum Corporation Ltd.(up 3.08%), Bajaj Auto Ltd.(up 2.89%), Adani Ports & Special Economic Zone Ltd.(up 2.35%), IndusInd Bank Ltd.(up 1.4%), HDFC Bank Ltd.(up 1.02%), UPL Ltd.(up 0.99%), Nestle India Ltd.(up 0.89%), Tata Motors Ltd.(up 0.82%), Mahindra & Mahindra Ltd.(up 0.65%) and Titan Company Ltd.(up 0.49%) were among the top gainers in the Nifty pack.

On the other hand, Hero MotoCorp Ltd.(down 2.44%), ICICI Bank Ltd.(down 1.31%), SBI Life Insurance Company Ltd.(down 1.29%), Hindalco Industries Ltd.(down 1.04%), Bajaj Finance Ltd.(down 1.01%), Kotak Mahindra Bank Ltd.(down 0.9%), Wipro Ltd.(down 0.89%), Cipla Ltd.(down 0.88%), Tata Consultancy Services Ltd.(down 0.87%) and JSW Steel Ltd.(down 0.78%) were trading in the red.