Stock market update: Sugar stocks down as market rises

NEW DELHI: Sugar stocks were trading lower on Monday at 11:06AM

DCM Shriram Industries(up 0.81%), Triveni Engineering & Industries(up 0.69%), Sakthi Sugars(up 0.62%), Simbhaoli Sugars(up 0.58%) and AVADHSUGAR(up 0.47%) were among the top gainers.

Ponni Sugars(Erode)(down 8.44%), Uttam Sugar Mills(down 1.82%), EID Parry(down 1.08%), MAGADHSUGAR(down 0.86%), Shree Renuka Sugars(down 0.82%), Ugar Sugar Works(down 0.79%), Dalmia Bharat Sugar & Industries(down 0.78%), Mawana Sugars(down 0.77%), Rajshree Sugars & Chemicals(down 0.63%) and Balrampur Chini Mills(down 0.62%) were among the top losers.

The NSE Nifty50 index was trading 1.8 points up at 17958.4, while the 30-share BSE Sensex was up 84.34 points at 60345.52 at around 11:06AM.

Tech Mahindra(up 1.91%), HCL Technologies(up 1.6%), Infosys(up 1.28%), Wipro(up 1.08%), UltraTech Cement(up 0.93%), Kotak Mahindra Bank(up 0.89%), Bajaj Finance(up 0.87%), State Bank of India(up 0.57%), IndusInd Bank(up 0.54%) and HDFC Bank(up 0.4%) were among the top gainers in the Nifty pack.

On the other hand, Adani Enterprises(down 2.38%), Bharat Petroleum Corporation(down 1.66%), Mahindra & Mahindra(down 1.38%), Cipla(down 1.34%), NTPC(down 1.19%), JSW Steel(down 1.11%), Maruti Suzuki(down 1.09%), Eicher Motors(down 1.08%), Bajaj Auto(down 1.0%) and Hindalco Industries(down 0.82%) were trading in the red.