Stock market update: Sugar stocks down as market falls

NEW DELHI: Sugar shares closed lower in the Tuesday's session.

Bannari Amman Sugars Ltd.(up 2.15%), DCM Shriram Industries Ltd.(up 1.83%), Uttam Sugar Mills Ltd.(up 0.59%) and Magadh Sugar & Energy Ltd.(up 0.50%) stood among the top gainers.

Simbhaoli Sugars Ltd.(down 3.08%), Triveni Engineering & Industries Ltd.(down 2.36%), KM Sugar Mills Ltd.(down 2.27%), Vishwaraj Sugar Industries Ltd.(down 2.06%), Ugar Sugar Works Ltd.(down 1.79%), Shree Renuka Sugars Ltd.(down 1.76%), Balrampur Chini Mills Ltd.(down 1.54%), Ponni Sugars(Erode)Ltd.(down 1.47%), Dalmia Bharat Sugar and Industries Ltd.(down 1.32%) and Dwarikesh Sugar Industries Ltd.(down 1.29%) were among the top losers of the day.

The NSE Nifty50 index ended 38.56 points down at 22604.85, while the 30-share BSE Sensex closed down 188.5 points at 74482.78.

Mahindra & Mahindra Ltd.(up 4.58%), Power Grid Corporation of India Ltd.(up 2.78%), Shriram Finance Ltd.(up 2.39%), IndusInd Bank Ltd.(up 1.92%), Hero MotoCorp Ltd.(up 1.92%), Bajaj Auto Ltd.(up 1.64%), HDFC Life Insurance Company Ltd.(up 1.49%), Bajaj Finance Ltd.(up 1.43%), Bajaj Finserv Ltd.(up 1.22%) and Grasim Industries Ltd.(up 1.05%) stood among the top gainers in the Nifty pack.

On the other hand, Tech Mahindra Ltd.(down 1.93%), Bharat Petroleum Corporation Ltd.(down 1.86%), JSW Steel Ltd.(down 1.52%), HCL Technologies Ltd.(down 1.5%), Dr. Reddy's Laboratories Ltd.(down 1.48%), Tata Steel Ltd.(down 1.44%), Sun Pharmaceutical Industries Ltd.(down 1.29%), Tata Consultancy Services Ltd.(down 1.29%), Larsen & Toubro Ltd.(down 1.11%) and Kotak Mahindra Bank Ltd.(down 1.01%) closed in the red.