Stock market update: Sugar stocks up as market rises

NEW DELHI: Sugar stocks were trading higher on Tuesday at 11:25AM

Kothari Sugars & Chemicals Ltd.(up 3.08%), Bajaj Hindusthan Sugar Ltd.(up 3.03%), KCP Sugar & Industries Corporation Ltd.(up 2.55%), Rajshree Sugars & Chemicals Ltd.(up 2.43%), Ponni Sugars(Erode)Ltd.(up 2.38%), DCM Shriram Industries Ltd.(up 2.11%), Bannari Amman Sugars Ltd.(up 2.08%), EID Parry(India)Ltd.(up 2.04%), Magadh Sugar & Energy Ltd.(up 1.95%) and KM Sugar Mills Ltd.(up 1.87%) were among the top gainers.

Uttam Sugar Mills Ltd.(down 0.02%) were among the top losers.

The NSE Nifty50 index was trading 69.5 points up at 22173.55, while the 30-share BSE Sensex was up 210.16 points at 72986.29 at around 11:25AM.

Mahindra & Mahindra Ltd.(up 3.95%), Hero MotoCorp Ltd.(up 2.83%), Adani Enterprises Ltd.(up 2.6%), Shriram Finance Ltd.(up 1.97%), JSW Steel Ltd.(up 1.71%), NTPC Ltd.(up 1.36%), Hindalco Industries Ltd.(up 1.35%), Titan Company Ltd.(up 1.24%), Power Grid Corporation of India Ltd.(up 1.08%) and Coal India Ltd.(up 1.02%) were among the top gainers in the Nifty pack.

On the other hand, Cipla Ltd.(down 2.98%), Britannia Industries Ltd.(down 1.48%), Nestle India Ltd.(down 1.21%), Axis Bank Ltd.(down 0.89%), Tata Consultancy Services Ltd.(down 0.89%), Grasim Industries Ltd.(down 0.84%), Bajaj Finance Ltd.(down 0.56%), Dr. Reddy’s Laboratories Ltd.(down 0.35%), ICICI Bank Ltd.(down 0.32%) and Apollo Hospitals Enterprise Ltd.(down 0.31%) were trading in the red.