Stock market update: Sugar stocks up as market falls

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

Triveni Engineering & Industries(up 5.62%), Dharani Sugars & Chemicals(up 4.87%), BAJAJHIND(up 4.84%), Shree Renuka Sugars(up 4.66%), Ugar Sugar Works(up 3.17%), Mawana Sugars(up 3.10%), MAGADHSUGAR(up 2.35%), Rana Sugars(up 2.07%), KCP Sugar & Industries(up 1.66%) and K.M.Sugar Mills(up 1.61%) stood among the top gainers.

Bannari Amman Sugars(down 2.12%), Dhampur Sugar Mills(down 1.14%), Rajshree Sugars & Chemicals(down 0.97%), EID Parry(down 0.75%), Simbhaoli Sugars(down 0.39%) and Dalmia Bharat Sugar & Industries(down 0.37%) were among the top losers of the day.

The NSE Nifty50 index ended 37.3 points down at 17711.3, while the 30-share BSE Sensex closed down 254.33 points at 59413.27.

NTPC(up 6.59%), Coal India(up 6.39%), Power Grid Corporation of India(up 6.03%), Sun Pharmaceutical Industries(up 4.67%), Indian Oil Corporation(up 3.66%), State Bank of India(up 3.39%), Hindalco Industries(up 3.35%), JSW Steel(up 2.87%), Oil & Natural Gas Corporation(up 1.79%) and Cipla(up 1.71%) stood among the top gainers in the Nifty pack.

On the other hand, HDFC(down 2.09%), Kotak Mahindra Bank(down 1.83%), Asian Paints(down 1.68%), UltraTech Cement(down 1.63%), Hindustan Unilever(down 1.42%), Eicher Motors(down 1.38%), Tech Mahindra(down 1.32%), HDFC Bank(down 1.31%), Hero MotoCorp(down 1.18%) and ICICI Bank(down 1.07%) closed in the red.

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