Stock market update: Sugar stocks down as market falls

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

Ponni Sugars(Erode)(up 4.72%), Triveni Engineering & Industries(up 3.89%), Dharani Sugars & Chemicals(up 3.37%), EID Parry(up 2.84%) and Mawana Sugars(up 0.61%) stood among the top gainers.

Vishwaraj Sugar Industries(down 9.91%), Rajshree Sugars & Chemicals(down 2.77%), KCP Sugar & Industries(down 2.75%), Bannari Amman Sugars(down 2.09%), Kothari Sugars & Chemicals(down 1.94%), Simbhaoli Sugars(down 1.84%), K.M.Sugar Mills(down 1.58%), BAJAJHIND(down 1.45%), Balrampur Chini Mills(down 1.22%) and Uttam Sugar Mills(down 1.13%) were among the top losers of the day.

The NSE Nifty50 index ended 100.55 points down at 17898.65, while the 30-share BSE Sensex closed down 314.04 points at 60008.33.

SBI Life(up 2.97%), Maruti Suzuki(up 2.79%), Asian Paints(up 2.49%), Tata Motors(up 2.14%), Power Grid Corporation of India(up 1.84%), ITC(up 1.72%), NTPC(up 1.6%), IndusInd Bank(up 1.28%), Tech Mahindra(up 1.16%) and Bajaj Finance(up 0.69%) stood among the top gainers in the Nifty pack.

On the other hand, UPL Ltd(down 3.13%), Reliance Industries(down 2.14%), Britannia Industries(down 2.05%), Indian Oil Corporation(down 1.95%), Axis Bank(down 1.9%), Coal India(down 1.85%), Divis Laboratories(down 1.83%), Cipla(down 1.78%), Grasim Industries(down 1.67%) and Shree Cement(down 1.59%) closed in the red.

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