Stock market update: Sugar stocks up as Sensex rises
On Tuesday morning, several sugar stocks saw strong gains, led by DCM Shriram Industries (up 9%) and Triveni Engineering & Industries (up 7%). Other gainers included Dalmia Bharat Sugar and EID Parry, while Dwarikesh Sugar, Uttam Sugar, and Ponni Sugars faced losses. The NSE Nifty50 and BSE Sensex were both trading higher, reflecting broader market optimism.
NEW DELHI: Sugar stocks were trading higher on Tuesday at 10:14AM
DCM Shriram Industries Ltd.(up 9.00%), Triveni Engineering & Industries Ltd.(up 7.04%), Dalmia Bharat Sugar and Industries Ltd.(up 3.44%), EID Parry(India)Ltd.(up 2.57%), Bajaj Hindusthan Sugar Ltd.(up 1.36%), Balrampur Chini Mills Ltd.(up 1.30%), Mawana Sugars Ltd.(up 1.08%), Kothari Sugars & Chemicals Ltd.(up 0.94%), Shree Renuka Sugars Ltd.(up 0.93%) and KM Sugar Mills Ltd.(up 0.88%) were among the top gainers.
Dwarikesh Sugar Industries Ltd.(down 1.75%), Uttam Sugar Mills Ltd.(down 0.54%) and Ponni Sugars(Erode)Ltd.(down 0.05%) were among the top losers.
The NSE Nifty50 index was trading 37.46 points up at 24656.45, while the 30-share BSE Sensex was up 126.8 points at 81635.26 at around 10:14AM.
Shriram Finance Ltd.(up 1.85%), Infosys Ltd.(up 1.8%), Wipro Ltd.(up 1.7%), Bajaj Finserv Ltd.(up 1.45%), HCL Technologies Ltd.(up 1.31%), Apollo Hospitals Enterprise Ltd.(up 1.17%), Tata Steel Ltd.(up 1.04%), Bajaj Finance Ltd.(up 0.96%), Tata Motors Ltd.(up 0.91%) and Kotak Mahindra Bank Ltd.(up 0.83%) were among the top gainers in the Nifty pack.
On the other hand, Trent Ltd.(down 1.1%), Mahindra & Mahindra Ltd.(down 1.04%), Adani Ports & Special Economic Zone Ltd.(down 1.01%), Bharti Airtel Ltd.(down 0.84%), Oil And Natural Gas Corporation Ltd.(down 0.7%), Adani Enterprises Ltd.(down 0.68%), UltraTech Cement Ltd.(down 0.62%), Grasim Industries Ltd.(down 0.59%), Dr. Reddy’s Laboratories Ltd.(down 0.58%) and Tech Mahindra Ltd.(down 0.53%) were trading in the red.
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Source : Economic Times
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