Stock market update: Sugar stocks up as market rises

NEW DELHI: Sugar stocks were trading higher on Tuesday at 10:29AM

KM Sugar Mills Ltd.(up 2.99%), Sakthi Sugars Ltd.(up 2.46%), Rajshree Sugars & Chemicals Ltd.(up 2.05%), KCP Sugar & Industries Corporation Ltd.(up 1.84%), Mawana Sugars Ltd.(up 1.82%), Magadh Sugar & Energy Ltd.(up 1.69%), Avadh Sugar & Energy Ltd.(up 1.65%), Balrampur Chini Mills Ltd.(up 1.36%), Vishwaraj Sugar Industries Ltd.(up 1.18%) and Shree Renuka Sugars Ltd.(up 1.16%) were among the top gainers.

DCM Shriram Industries Ltd.(down 2.94%), Simbhaoli Sugars Ltd.(down 1.13%), Ponni Sugars(Erode)Ltd.(down 0.97%) and Triveni Engineering & Industries Ltd.(down 0.76%) were among the top losers.

The NSE Nifty50 index was trading 38.75 points up at 24359.3, while the 30-share BSE Sensex was up 161.75 points at 80122.13 at around 10:29AM.

Maruti Suzuki India Ltd.(up 4.75%), Cipla Ltd.(up 1.51%), Titan Company Ltd.(up 1.36%), ITC Ltd.(up 1.21%), Hero MotoCorp Ltd.(up 1.15%), Mahindra & Mahindra Ltd.(up 0.99%), Larsen & Toubro Ltd.(up 0.8%), Divi’s Laboratories Ltd.(up 0.77%), Britannia Industries Ltd.(up 0.68%) and Adani Ports & Special Economic Zone Ltd.(up 0.64%) were among the top gainers in the Nifty pack.

On the other hand, Oil And Natural Gas Corporation Ltd.(down 1.83%), Dr. Reddy’s Laboratories Ltd.(down 1.21%), Bharat Petroleum Corporation Ltd.(down 0.64%), Tech Mahindra Ltd.(down 0.64%), Reliance Industries Ltd.(down 0.63%), Apollo Hospitals Enterprise Ltd.(down 0.56%), IndusInd Bank Ltd.(down 0.53%), Wipro Ltd.(down 0.5%), UltraTech Cement Ltd.(down 0.47%) and Grasim Industries Ltd.(down 0.39%) were trading in the red.