Stock market update: Sugar stocks up as market falls

NEW DELHI: Sugar stocks were trading higher on Monday at 10:44AM

DCM Shriram Industries Ltd.(up 4.74%), EID Parry(India)Ltd.(up 2.77%), Ponni Sugars(Erode)Ltd.(up 2.69%), Triveni Engineering & Industries Ltd.(up 2.62%), Rajshree Sugars & Chemicals Ltd.(up 2.07%), Simbhaoli Sugars Ltd.(up 1.93%), Dalmia Bharat Sugar and Industries Ltd.(up 1.69%), Sakthi Sugars Ltd.(up 1.19%), Shree Renuka Sugars Ltd.(up 1.04%) and Bajaj Hindusthan Sugar Ltd.(up 0.84%) were among the top gainers.

KM Sugar Mills Ltd.(down 1.09%), Ugar Sugar Works Ltd.(down 0.79%), Bannari Amman Sugars Ltd.(down 0.76%), Uttam Sugar Mills Ltd.(down 0.62%), Dwarikesh Sugar Industries Ltd.(down 0.61%), Vishwaraj Sugar Industries Ltd.(down 0.47%), Dhampur Sugar Mills Ltd.(down 0.34%) and Avadh Sugar & Energy Ltd.(down 0.10%) were among the top losers.

The NSE Nifty50 index was trading 23.35 points down at 24300.5, while the 30-share BSE Sensex was down 120.0 points at 79876.6 at around 10:44AM.

Tata Consumer Products Ltd.(up 1.97%), ITC Ltd.(up 1.2%), Hindustan Unilever Ltd.(up 1.14%), Nestle India Ltd.(up 0.93%), Tata Motors Ltd.(up 0.91%), Wipro Ltd.(up 0.8%), Hero MotoCorp Ltd.(up 0.77%), HDFC Life Insurance Company Ltd.(up 0.76%), Tech Mahindra Ltd.(up 0.7%) and Infosys Ltd.(up 0.67%) were among the top gainers in the Nifty pack.

On the other hand, Titan Company Ltd.(down 3.91%), Divi's Laboratories Ltd.(down 2.31%), Adani Ports & Special Economic Zone Ltd.(down 1.6%), Shriram Finance Ltd.(down 1.53%), Adani Enterprises Ltd.(down 1.07%), Asian Paints Ltd.(down 1.05%), Bharat Petroleum Corporation Ltd.(down 1.02%), Bajaj Finserv Ltd.(down 0.75%), UltraTech Cement Ltd.(down 0.74%) and Bajaj Finance Ltd.(down 0.72%) were trading in the red.