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Stock market update: Sugar stocks down as market falls



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

Avadh Sugar & Energy Ltd.(up 4.77%), KM Sugar Mills Ltd.(up 2.96%), Rana Sugars Ltd.(up 2.65%), Mawana Sugars Ltd.(up 1.58%), Sakthi Sugars Ltd.(up 1.54%), Bajaj Hindusthan Sugar Ltd.(up 0.95%), Ugar Sugar Works Ltd.(up 0.69%), Vishwaraj Sugar Industries Ltd.(up 0.60%), Balrampur Chini Mills Ltd.(up 0.45%) and Uttam Sugar Mills Ltd.(up 0.44%) stood among the top gainers.

Triveni Engineering & Industries Ltd.(down 3.78%), DCM Shriram Industries Ltd.(down 1.92%), Rajshree Sugars & Chemicals Ltd.(down 1.66%), Dhampur Sugar Mills Ltd.(down 1.60%), Dwarikesh Sugar Industries Ltd.(down 1.59%), Simbhaoli Sugars Ltd.(down 1.00%), Ponni Sugars(Erode)Ltd.(down 0.85%), EID Parry(India)Ltd.(down 0.81%), Kothari Sugars & Chemicals Ltd.(down 0.80%) and Bannari Amman Sugars Ltd.(down 0.68%) were among the top losers of the day.

The NSE Nifty50 index ended 61.3 points down at 19079.6, while the 30-share BSE Sensex closed down 237.72 points at 63874.93.

SBI Life Insurance Company Ltd.(up 3.14%), Titan Company Ltd.(up 2.34%), HDFC Life Insurance Company Ltd.(up 1.76%), Kotak Mahindra Bank Ltd.(up 1.27%), Asian Paints Ltd.(up 0.96%), HCL Technologies Ltd.(up 0.88%), Tata Consumer Products Ltd.(up 0.77%), Bharat Petroleum Corporation Ltd.(up 0.67%), Power Grid Corporation of India Ltd.(up 0.64%) and Hindalco Industries Ltd.(up 0.62%) stood among the top gainers in the Nifty pack.

On the other hand, Mahindra & Mahindra Ltd.(down 2.61%), Sun Pharmaceutical Industries Ltd.(down 2.38%), Eicher Motors Ltd.(down 1.84%), LTIMindtree Ltd.(down 1.72%), Oil And Natural Gas Corporation Ltd.(down 1.4%), Bharti Airtel Ltd.(down 1.27%), Reliance Industries Ltd.(down 1.06%), ICICI Bank Ltd.(down 1.03%), IndusInd Bank Ltd.(down 0.91%) and Britannia Industries Ltd.(down 0.78%) closed in the red.

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