Stock market update: Sugar stocks down as market rises

NEW DELHI: Sugar stocks were trading lower on Wednesday at 11:16AM

Shree Renuka Sugars(up 2.92%), Triveni Engineering & Industries(up 1.59%), Rajshree Sugars & Chemicals(up 1.00%), Uttam Sugar Mills(up 0.96%), Rana Sugars(up 0.55%), Dharani Sugars & Chemicals(up 0.53%) and Bannari Amman Sugars(up 0.45%) were among the top gainers.

Dalmia Bharat Sugar & Industries(down 1.68%), Ugar Sugar Works(down 1.59%), Mawana Sugars(down 1.15%), Dhampur Sugar Mills(down 1.12%), Simbhaoli Sugars(down 1.10%), BAJAJHIND(down 1.06%), K.M.Sugar Mills(down 0.99%), Sakthi Sugars(down 0.97%), KCP Sugar & Industries(down 0.92%) and Balrampur Chini Mills(down 0.80%) were among the top losers.

The NSE Nifty50 index was trading 42.25 points up at 18310.65, while the 30-share BSE Sensex was up 115.25 points at 61465.51 at around 11:16AM.

Asian Paints(up 4.57%), Divis Laboratories(up 3.64%), Sun Pharmaceutical Industries(up 2.81%), SBI Life(up 2.3%), State Bank of India(up 2.04%), ICICI Bank(up 1.84%), UPL Ltd(up 1.52%), Shree Cement(up 1.38%), ITC(up 1.29%) and Bharti Airtel(up 1.26%) were among the top gainers in the Nifty pack.

On the other hand, Axis Bank(down 5.32%), Bajaj Finance(down 3.94%), Bajaj Finserv(down 2.46%), IndusInd Bank(down 1.47%), Oil & Natural Gas Corporation(down 1.26%), Tata Motors(down 0.98%), Hindustan Unilever(down 0.73%), Adani Ports & Special Economic Zone(down 0.45%), Power Grid Corporation of India(down 0.39%) and HDFC Bank(down 0.32%) were trading in the red.

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