Stock Market

Stock market update: Sugar stocks bearish; Avadh Sugar dips over 5%

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NEW DELHI: Shares of sugar producers were trading in the red in Monday's morning session. Shares of Avadh Sugar (down 5.43 per cent), Kesar Enterprise (down 4.42 per cent), Magadh Sugar (down 4.38 per cent), Balrampur Chini Mills (down 4.36 per cent), Ponni Sugars (Erode) (down 4.11 per cent) dropped up to 5 per cent. Dwarikesh Sugar Industries (down 3.93 per cent), Dhampur Sugar Mills (down 3.86 per cent) and Uttam Sugar Mills (down 3.60 per cent) too were among the top losers.

While Piccadily Agro Industries (up 8.72 per cent) and Dharani Sugars - Chemicals (up 4.08 per cent) were the only gainers. The NSE Nifty50 index was trading 95.25 points down at 11,417.15, while the 30-share BSE Sensex was down 332.82 points at 38,489.75 at around 10:32 am.

HCL Technologies (up 1.77 per cent), Bharat Petroleum Corporation (up 1.64 per cent), Tata Consultancy Services (up 1.26 per cent), Infosys (up 1.24 per cent), UPL (up 1.21 per cent) were among the top gainers in the Nifty pack.

On the other hand, Indiabulls Housing Finance (down 19.32 per cent), YES Bank (down 9.44 per cent), Zee Entertainment Enterprises (down 6.38 per cent), IndusInd Bank (down 6.04 per cent), Vedanta (down 3.28 per cent) were trading in the red.




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Category: Stock Market


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