Stock market update: Sugar stocks up as market falls

NEW DELHI: Sugar stocks were trading higher on Wednesday at 10:14AM

EID Parry(India)Ltd.(up 1.35%), Sakthi Sugars Ltd.(up 1.34%), DCM Shriram Industries Ltd.(up 1.23%), Rajshree Sugars & Chemicals Ltd.(up 0.97%), KM Sugar Mills Ltd.(up 0.92%), KCP Sugar & Industries Corporation Ltd.(up 0.85%), Mawana Sugars Ltd.(up 0.82%), Kothari Sugars & Chemicals Ltd.(up 0.77%), Ponni Sugars(Erode)Ltd.(up 0.61%) and Avadh Sugar & Energy Ltd.(up 0.48%) were among the top gainers.

Magadh Sugar & Energy Ltd.(down 2.07%), Simbhaoli Sugars Ltd.(down 0.91%), Ugar Sugar Works Ltd.(down 0.86%), Triveni Engineering & Industries Ltd.(down 0.44%), Dalmia Bharat Sugar and Industries Ltd.(down 0.16%), Bajaj Hindusthan Sugar Ltd.(down 0.16%) and Dhampur Sugar Mills Ltd.(down 0.07%) were among the top losers.

The NSE Nifty50 index was trading 30.4 points down at 22187.45, while the 30-share BSE Sensex was down 204.23 points at 72900.38 at around 10:14AM.

Cipla Ltd.(up 4.46%), Coal India Ltd.(up 2.3%), Adani Enterprises Ltd.(up 1.78%), Dr. Reddy’s Laboratories Ltd.(up 1.12%), Hindalco Industries Ltd.(up 1.06%), Tata Steel Ltd.(up 1.04%), Adani Ports & Special Economic Zone Ltd.(up 0.91%), NTPC Ltd.(up 0.76%), Bharat Petroleum Corporation Ltd.(up 0.58%) and Grasim Industries Ltd.(up 0.38%) were among the top gainers in the Nifty pack.

On the other hand, JSW Steel Ltd.(down 1.46%), Eicher Motors Ltd.(down 1.14%), Bajaj Auto Ltd.(down 1.1%), Sun Pharmaceutical Industries Ltd.(down 1.04%), Tata Consumer Products Ltd.(down 0.92%), Britannia Industries Ltd.(down 0.9%), Asian Paints Ltd.(down 0.81%), Shriram Finance Ltd.(down 0.7%), Hindustan Unilever Ltd.(down 0.63%) and HDFC Bank Ltd.(down 0.6%) were trading in the red.