Stock market update: Sugar stocks down as market falls

NEW DELHI: Sugar stocks were trading lower on Thursday at 10:40AM

Simbhaoli Sugars Ltd.(up 2.73%), Bannari Amman Sugars Ltd.(up 0.99%), KM Sugar Mills Ltd.(up 0.99%), Magadh Sugar & Energy Ltd.(up 0.78%), KCP Sugar & Industries Corporation Ltd.(up 0.43%), Piccadily Agro Industries Ltd.(up 0.43%), Ponni Sugars(Erode)Ltd.(up 0.42%), Kothari Sugars & Chemicals Ltd.(up 0.32%), Sakthi Sugars Ltd.(up 0.28%) and Rana Sugars Ltd.(up 0.26%) were among the top gainers.

Bajaj Hindusthan Sugar Ltd.(down 1.28%), DCM Shriram Industries Ltd.(down 0.79%), Balrampur Chini Mills Ltd.(down 0.69%), Rajshree Sugars & Chemicals Ltd.(down 0.69%), Avadh Sugar & Energy Ltd.(down 0.65%), EID Parry(India)Ltd.(down 0.60%), Shree Renuka Sugars Ltd.(down 0.40%), Mawana Sugars Ltd.(down 0.24%), Dhampur Sugar Mills Ltd.(down 0.23%) and Triveni Engineering & Industries Ltd.(down 0.12%) were among the top losers.

The NSE Nifty50 index was trading 61.25 points down at 25150.8, while the 30-share BSE Sensex was down 210.92 points at 82423.56 at around 10:40AM.

Hindalco Industries Ltd.(up 0.65%), Apollo Hospitals Enterprise Ltd.(up 0.59%), State Bank of India(up 0.53%), Tata Motors Ltd.(up 0.48%), Eicher Motors Ltd.(up 0.45%), Tata Consumer Products Ltd.(up 0.42%), Trent Ltd.(up 0.4%), Titan Company Ltd.(up 0.4%), Sun Pharmaceutical Industries Ltd.(up 0.37%) and UltraTech Cement Ltd.(up 0.36%) were among the top gainers in the Nifty pack.

On the other hand, Tech Mahindra Ltd.(down 1.7%), IndusInd Bank Ltd.(down 1.3%), Eternal Ltd.(down 1.17%), ICICI Bank Ltd.(down 1.08%), SBI Life Insurance Company Ltd.(down 1.0%), Infosys Ltd.(down 0.94%), Wipro Ltd.(down 0.67%), Bajaj Finserv Ltd.(down 0.64%), Grasim Industries Ltd.(down 0.56%) and Asian Paints Ltd.(down 0.42%) were trading in the red.