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Stock market update: Sugar stocks soar; Vishwaraj Sugar rockets 11%

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NEW DELHI: Shares of sugar producers were soaring with gains in Wednesday's morning trade. Shares of Vishwaraj Sugar Industries (up 10.87 per cent), KCP Sugar - Industries (up 8.48 per cent), Ugar Sugar Works (up 7.86 per cent), Sakthi Sugars (up 7.14 per cent), Uttam Sugar Mills (up 7.05 per cent), KM Sugar Mills (up 5.77 per cent) and Indian Sucrose (up 5.00 per cent) jumped up to 11 per cent. Parvati (up 4.92 per cent), Bajaj Hindustan (up 4.63 per cent), Mawana Sugars (up 4.55 per cent), Rana Sugars (up 4.28 per cent) and EID Parry (up 3.83 per cent) too were among the top gainers.

Not a single sugar stock was trading in the red at around 09:40 am. The NSE Nifty50 index was trading 35.00 points down at 11,882.2, while the 30share BSE Sensex was down 119.13 points at 40,129.1 at around the same time.

Zee Entertainment Enterprises (up 4.88 per cent), Sun Pharmaceutical Industries (up 4.33 per cent), Cipla (up 2.51 per cent), Dr.

Reddy's Laboratories (up 1.75 per cent) and YES Bank (up 1.68 per cent) were among the top gainers in the Nifty pack.

On the other hand, Titan Company (down 8.02 per cent), Bharti Infratel (down 1.80 per cent), Bharti Airtel (down 1.55 per cent), HCL Technologies (down 1.10 per cent) and ITC (down 0.99 per cent) were trading in the red.




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Category: Stock Market


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