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Stock market update: Sugar stocks down as market rises

Source The Economic Times

Posted on May 3, 2023

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NEW DELHI: Sugar shares closed higher in the Tuesday’s session.

Shree Renuka Sugars(up 1.07%), EID Parry(up 0.68%), Vishwaraj Sugar Industries(up 0.32%), Balrampur Chini Mills(up 0.28%), K.M.Sugar Mills(up 0.17%), Dwarikesh Sugar Industries(up 0.16%) and MAGADHSUGAR(up 0.13%) stood among the top gainers.

Ponni Sugars(Erode)(down 6.75%), Triveni Engineering & Industries(down 2.97%), Simbhaoli Sugars(down 2.33%), AVADHSUGAR(down 1.43%), BAJAJHIND(down 1.37%), Dalmia Bharat Sugar & Industries(down 1.18%), Uttam Sugar Mills(down 1.10%), Sakthi Sugars(down 1.05%), Ugar Sugar Works(down 0.89%) and Rajshree Sugars & Chemicals(down 0.87%) were among the top losers of the day.

The NSE Nifty50 index ended 82.65 points up at 18147.65, while the 30-share BSE Sensex closed up 242.27 points at 61354.71.

Oil & Natural Gas Corporation(up 3.33%), Tech Mahindra(up 2.91%), HDFC LIFE INSURANCE(up 2.78%), Hindalco Industries(up 2.3%), Tata Steel(up 2.18%), Maruti Suzuki(up 2.18%), NTPC(up 2.09%), TATA CONSUMER PRODUCTS(up 2.06%), Infosys(up 1.97%) and JSW Steel(up 1.74%) stood among the top gainers in the Nifty pack.

On the other hand, Hero MotoCorp(down 2.45%), Sun Pharmaceutical Industries(down 1.48%), UltraTech Cement(down 1.32%), Bharti Airtel(down 1.14%), Tata Motors(down 0.97%), Britannia Industries(down 0.93%), Kotak Mahindra Bank(down 0.87%), State Bank of India(down 0.52%), Apollo Hospitals Enterprises(down 0.51%) and Bajaj Finance(down 0.49%) closed in the red.

Source Link: https://economictimes.indiatimes.com/markets/stocks/stock-watch/stock-market-update-sugar-stocks-up-as-market-rises/articleshow/100983406.cms?from=mdr