Stock market update: Sugar stocks up as market falls
Sugar stocks had mixed results on Monday. Magadh Sugar & Energy Ltd. rose by 3.22%, while EID Parry (India) Ltd. fell by 1.78%. The NSE Nifty50 declined by 79.05 points, while the BSE Sensex dropped 294.62 points. Among Nifty gainers were IndusInd Bank (up 1.43%) and Shriram Finance (up 0.72%)
NEW DELHI: Sugar stocks were trading higher on Monday at 10:24AM Magadh Sugar & Energy Ltd.(up 3.22%), KCP Sugar & Industries Corporation Ltd.(up 1.61%), Sakthi Sugars Ltd.(up 0.73%), Mawana Sugars Ltd.(up 0.70%), Ponni Sugars(Erode)Ltd.(up 0.61%), Rajshree Sugars & Chemicals Ltd.(up 0.51%), Balrampur Chini Mills Ltd.(up 0.50%), Rana Sugars Ltd.(up 0.41%), Uttam Sugar Mills Ltd.(up 0.32%) and Dwarikesh Sugar Industries Ltd.(up 0.26%) were among the top gainers.
EID Parry(India)Ltd.(down 1.78%), DCM Shriram Industries Ltd.(down 1.08%), Ugar Sugar Works Ltd.(down 0.91%), Bannari Amman Sugars Ltd.(down 0.48%), Dalmia Bharat Sugar and Industries Ltd.(down 0.21%), Kothari Sugars & Chemicals Ltd.(down 0.19%), Shree Renuka Sugars Ltd.(down 0.15%), Triveni Engineering & Industries Ltd.(down 0.14%) and Simbhaoli Sugars Ltd.(down 0.14%) were among the top losers. The NSE Nifty50 index was trading 79.05 points at 24689.25, while the 30-share BSE Sensex was down 294.62 points at 81838.5 at around 10:24AM. IndusInd Bank Ltd.(up 1.43%), Shriram Finance Ltd.(up 0.72%), Bajaj Finance Ltd.(up 0.55%), Reliance Industries Ltd.(up 0.08%), State Bank of India(up 0.07%), HCL Technologies Ltd.(up 0.06%), Maruti Suzuki India Ltd.(up 0.05%), Dr. Reddy’s Laboratories Ltd.(up 0.04%) and ICICI Bank Ltd.(up 0.04%) were among the top gainers in the Nifty pack.
On the other hand, Bharat Petroleum Corporation Ltd.(down 1.36%), Titan Company Ltd.(down 1.34%), JSW Steel Ltd.(down 1.3%), Adani Ports & Special Economic Zone Ltd.(down 1.26%), Bharti Airtel Ltd.(down 1.02%), Mahindra & Mahindra Ltd.(down 1.0%), Hero MotoCorp Ltd.(down 0.99%), Nestle India Ltd.(down 0.95%), Hindalco Industries Ltd.(down 0.9%) and Sun Pharmaceutical Industries Ltd.(down 0.88%) were trading in the red.
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Source : Economic Times
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