Stock market update: Sugar stocks up as Sensex dips
Sugar stocks were performing well on Tuesday morning, with KCP Sugar & Industries, Magadh Sugar & Energy, and Ponni Sugars among the top gainers. On the broader market, the Nifty50 was slightly up, while the BSE Sensex showed a minor decline. Other notable gainers in the Nifty pack included Asian Paints, Infosys, and LTIMindtree. Overall, sugar stocks saw significant upticks, reflecting positive market sentiment in the sector.
Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction. NEW DELHI: Sugar stocks were trading higher on Tuesday at 11:10AM KCP Sugar & Industries Corporation Ltd.(up 4.99%), Magadh Sugar & Energy Ltd.(up 4.46%), Ponni Sugars(Erode)Ltd.(up 4.13%), Dalmia Bharat Sugar and Industries Ltd.(up 3.57%), Shree Renuka Sugars Ltd.(up 3.56%), Bajaj Hindusthan Sugar Ltd.(up 3.35%), KM Sugar Mills Ltd.(up 3.34%), Uttam Sugar Mills Ltd.(up 3.19%), Avadh Sugar & Energy Ltd.(up 3.04%) and Simbhaoli Sugars Ltd.(up 3.00%) were among the top gainers. were among the top losers.
The NSE Nifty50 index was trading 0.55 points up at 24222.45, while the 30-share BSE Sensex was down 63.57 points at 80046.28 at around 11:10AM. Asian Paints Ltd.(up 2.09%), Infosys Ltd.(up 1.63%), LTIMindtree Ltd.(up 1.62%), Shriram Finance Ltd.(up 1.28%), Britannia Industries Ltd.(up 1.26%), IndusInd Bank Ltd.(up 1.15%), Tech Mahindra Ltd.(up 1.05%), Tata Steel Ltd.(up 0.94%), Hindalco Industries Ltd.(up 0.84%) and Tata Consumer Products Ltd.(up 0.74%) were among the top gainers in the Nifty pack.
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Source Link : Financial Express
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