Stock market update: Sugar stocks down as market rises

NEW DELHI: Sugar stocks were trading lower on Monday at 10:49AM

Bannari Amman Sugars Ltd.(up 3.30%), Ponni Sugars(Erode)Ltd.(up 1.88%), Dalmia Bharat Sugar and Industries Ltd.(up 0.97%), DCM Shriram Industries Ltd.(up 0.74%), EID Parry(India)Ltd.(up 0.66%), Bajaj Hindusthan Sugar Ltd.(up 0.60%), Mawana Sugars Ltd.(up 0.58%), Avadh Sugar & Energy Ltd.(up 0.49%), Vishwaraj Sugar Industries Ltd.(up 0.46%) and Dwarikesh Sugar Industries Ltd.(up 0.45%) were among the top gainers.

Kothari Sugars & Chemicals Ltd.(down 1.88%), KM Sugar Mills Ltd.(down 1.81%), Triveni Engineering & Industries Ltd.(down 0.99%), Sakthi Sugars Ltd.(down 0.84%), Shree Renuka Sugars Ltd.(down 0.82%), Magadh Sugar & Energy Ltd.(down 0.81%), Ugar Sugar Works Ltd.(down 0.79%), Balrampur Chini Mills Ltd.(down 0.47%), KCP Sugar & Industries Corporation Ltd.(down 0.46%) and Uttam Sugar Mills Ltd.(down 0.27%) were among the top losers.

The NSE Nifty50 index was trading 47.4 points up at 23337.55, while the 30-share BSE Sensex was up 57.36 points at 76750.72 at around 10:49AM.

Power Grid Corporation of India Ltd.(up 3.95%), UltraTech Cement Ltd.(up 3.75%), Hero MotoCorp Ltd.(up 3.06%), Grasim Industries Ltd.(up 2.86%), NTPC Ltd.(up 2.42%), Cipla Ltd.(up 2.4%), Nestle India Ltd.(up 1.58%), Axis Bank Ltd.(up 1.49%), Britannia Industries Ltd.(up 1.21%) and Bajaj Finserv Ltd.(up 1.14%) were among the top gainers in the Nifty pack.

On the other hand, Tech Mahindra Ltd.(down 2.59%), Infosys Ltd.(down 2.08%), LTIMindtree Ltd.(down 1.97%), HCL Technologies Ltd.(down 1.55%), Wipro Ltd.(down 1.5%), Tata Consultancy Services Ltd.(down 0.92%), Titan Company Ltd.(down 0.85%), Mahindra & Mahindra Ltd.(down 0.79%), JSW Steel Ltd.(down 0.72%) and HDFC Bank Ltd.(down 0.5%) were trading in the red.