Stock market update: Sugar stocks down as market falls
On Friday morning, sugar stocks were mostly lower. DCM Shriram Industries Ltd. and EID Parry India Ltd. were among the top gainers. However, several other companies, including Simbhaoli Sugars Ltd., Avadh Sugar & Energy Ltd., and Shree Renuka Sugars Ltd., saw significant losses. The broader market was also down, with the NSE Nifty50 and BSE Sensex both in negative territory.
NEW DELHI: Sugar stocks were trading lower on Friday at 10:39AM DCM Shriram Industries Ltd.(up 2.01%) and EID Parry(India)Ltd.(up 0.99%) were among the top gainers.
Simbhaoli Sugars Ltd.(down 3.84%), Avadh Sugar & Energy Ltd.(down 3.30%), Dalmia Bharat Sugar and Industries Ltd.(down 3.06%), Vishwaraj Sugar Industries Ltd.(down 2.46%), Shree Renuka Sugars Ltd.(down 2.45%), Rajshree Sugars & Chemicals Ltd.(down 2.43%), Dhampur Sugar Mills Ltd.(down 2.28%), Bajaj Hindusthan Sugar Ltd.(down 2.03%), Triveni Engineering & Industries Ltd.(down 2.01%) and Sakthi Sugars Ltd.(down 1.98%) were among the top losers. The NSE Nifty50 index was trading 335.16 points at 24213.55, while the 30-share BSE Sensex was down 1110.17 points at 80179.79 at around 10:39AM. Bharti Airtel Ltd.(up 1.23%) and Apollo Hospitals Enterprise Ltd.(up 0.15%) were among the top gainers in the Nifty pack.
On the other hand, Shriram Finance Ltd.(down 3.74%), Tata Steel Ltd.(down 3.26%), JSW Steel Ltd.(down 3.08%), IndusInd Bank Ltd.(down 2.8%), Hindalco Industries Ltd.(down 2.78%), Axis Bank Ltd.(down 2.66%), State Bank of India(down 2.08%), Bajaj Finserv Ltd.(down 2.07%), NTPC Ltd.(down 2.02%) and Mahindra & Mahindra Ltd.(down 2.0%) were trading in the red.
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Source : Economic Times
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