Stock market update: Sugar stocks up as market rises
Sugar stocks saw positive movement on Friday, with Bannari Amman Sugars (up 2.52%), Kothari Sugars (up 0.88%), and Magadh Sugar & Energy (up 0.73%) among the top gainers. Conversely, Simbhaoli Sugars (-1.72%) and Rajshree Sugars (-0.69%) were among the top losers. The broader market showed modest gains, with the BSE Sensex rising by 33.3 points to 81,799.16 and the Nifty50 up 4.6 points to 24,713.
ReutersOn an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles. NEW DELHI: Sugar stocks were trading higher on Friday at 11:00AM Bannari Amman Sugars Ltd.(up 2.52%), Kothari Sugars & Chemicals Ltd.(up 0.88%), Magadh Sugar & Energy Ltd.(up 0.73%), Dalmia Bharat Sugar and Industries Ltd.(up 0.68%), KM Sugar Mills Ltd.(up 0.56%), Ponni Sugars(Erode)Ltd.(up 0.38%), Bajaj Hindusthan Sugar Ltd.(up 0.36%), Sakthi Sugars Ltd.(up 0.36%), EID Parry(India)Ltd.(up 0.35%) and Triveni Engineering & Industries Ltd.(up 0.31%) were among the top gainers.
Simbhaoli Sugars Ltd.(down 1.72%), Rajshree Sugars & Chemicals Ltd.(down 0.69%), Avadh Sugar & Energy Ltd.(down 0.43%), Dwarikesh Sugar Industries Ltd.(down 0.36%), Ugar Sugar Works Ltd.(down 0.30%) and Uttam Sugar Mills Ltd.(down 0.17%) were among the top losers. The NSE Nifty50 index was trading 4.6 points at 24713.0, while the 30-share BSE Sensex was up 33.3 points at 81799.16 at around 11:00AM. Bajaj Auto Ltd.(up 2.54%), Bharat Petroleum Corporation Ltd.(up 1.79%), Axis Bank Ltd.(up 1.74%), ITC Ltd.(up 1.26%), Eicher Motors Ltd.(up 1.18%), Larsen & Toubro Ltd.(up 0.66%), Power Grid Corporation of India Ltd.(up 0.66%), Coal India Ltd.(up 0.63%), State Bank of India(up 0.58%) and Oil And Natural Gas Corporation Ltd.(up 0.56%) were among the top gainers in the Nifty pack.
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Source Link : Economic Times
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