Stock market update: Sugar stocks down as market falls

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

Simbhaoli Sugars(up 4.87%), AVADHSUGAR(up 4.83%), Ugar Sugar Works(up 4.65%), Mawana Sugars(up 3.27%), Dharani Sugars & Chemicals(up 2.86%), MAGADHSUGAR(up 2.69%), Rana Sugars(up 2.40%), Triveni Engineering & Industries(up 1.85%), Rajshree Sugars & Chemicals(up 0.84%) and Ponni Sugars(Erode)(up 0.83%) stood among the top gainers.

Balrampur Chini Mills(down 3.48%), DCM Shriram Industries(down 3.38%), Shree Renuka Sugars(down 3.30%), Kothari Sugars & Chemicals(down 1.95%), EID Parry(down 1.83%), KCP Sugar & Industries(down 1.44%), Dwarikesh Sugar Industries(down 0.93%), Sakthi Sugars(down 0.90%), BAJAJHIND(down 0.58%) and Vishwaraj Sugar Industries(down 0.46%) were among the top losers of the day.

The NSE Nifty50 index ended 54.65 points down at 17475.65, while the 30-share BSE Sensex closed down 237.44 points at 58338.93.

Oil & Natural Gas Corporation(up 3.17%), Apollo Hospitals Enterprises(up 2.55%), ITC(up 1.79%), Sun Pharmaceutical Industries(up 1.68%), UPL Ltd(up 1.61%), JSW Steel(up 1.38%), Shree Cement(up 0.96%), State Bank of India(up 0.95%), Hindustan Unilever(up 0.93%) and NTPC(up 0.88%) stood among the top gainers in the Nifty pack.

On the other hand, HDFC(down 1.95%), Maruti Suzuki(down 1.95%), HDFC Bank(down 1.91%), Dr Reddys Laboratories(down 1.67%), Tata Motors(down 1.65%), Power Grid Corporation of India(down 1.54%), Asian Paints(down 1.53%), Bajaj Finserv(down 1.4%), Kotak Mahindra Bank(down 1.23%) and Eicher Motors(down 1.2%) closed in the red.