Stock market update: Sugar stocks up as market falls

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

KCP Sugar & Industries(up 9.98%), K.M.Sugar Mills(up 9.48%), Dalmia Bharat Sugar & Industries(up 7.17%), Uttam Sugar Mills(up 6.48%), MAGADHSUGAR(up 5.68%), Triveni Engineering & Industries(up 5.60%), Ugar Sugar Works(up 4.89%), Dharani Sugars & Chemicals(up 4.86%), Shree Renuka Sugars(up 4.86%) and BAJAJHIND(up 4.68%) stood among the top gainers.

Vishwaraj Sugar Industries(down 2.29%) were among the top losers of the day.

The NSE Nifty50 index ended 27.05 points down at 18017.2, while the 30-share BSE Sensex closed down 80.63 points at 60352.82.

UPL Ltd(up 3.34%), Bharti Airtel(up 3.12%), Mahindra & Mahindra(up 3.08%), Britannia Industries(up 2.12%), Sun Pharmaceutical Industries(up 1.22%), Reliance Industries(up 1.12%), ITC(up 0.92%), Bajaj Finserv(up 0.85%), Eicher Motors(up 0.83%) and TATA CONSUMER PRODUCTS(up 0.81%) stood among the top gainers in the Nifty pack.

On the other hand, IndusInd Bank(down 3.37%), Hindalco Industries(down 3.2%), Tata Steel(down 2.8%), Coal India(down 2.23%), JSW Steel(down 2.11%), SBI Life(down 1.95%), Hindustan Unilever(down 1.28%), Asian Paints(down 1.17%), Power Grid Corporation of India(down 1.15%) and Titan Company Ltd(down 1.09%) closed in the red.

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