Stock Market Sectors: Stock Market Update: Sugar Stocks Down as Market Falls

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

KCP Sugar & Industries Corporation Ltd. (up 5.00%), Bannari Amman Sugars Ltd. (up 2.35%), EID Parry (India) Ltd. (up 1.55%), Shree Renuka Sugars Ltd. (up 1.50%), Ponni Sugars (Erode) Ltd. (up 0.80%), DCM Shriram Industries Ltd. (up 0.58%), Ugar Sugar Works Ltd. (up 0.54%), Rajshree Sugars & Chemicals Ltd. (up 0.53%), Dhampur Sugar Mills Ltd. (up 0.50%) and KM Sugar Mills Ltd. (up 0.36%) were among the top gainers.

Among the top losers on the day were Bajaj Hindusthan Sugar Ltd. (down 3.00%), Kothari Sugars & Chemicals Ltd. (down 1.66%), Dalmia Bharat Sugar and Industries Ltd. (down 1.13%), Magadh Sugar & Energy Ltd. (down 1.03%), Vishwaraj Sugar Industries Ltd. (down 0.90%), Sakthi Sugars Ltd. (down 0.80%), Dwarikesh Sugar Industries Ltd. (down 0.68%), Avadh Sugar & Energy Ltd. (down 0.59%), Triveni Engineering & Industries Ltd. (down 0.42%) and Balrampur Chini Mills Ltd. (down 0.10%).

The NSE Nifty50 index closed 81.15 points lower at 25,198.7, while the 30-share BSE Sensex closed 202.8 points lower at 82,352.64.

Asian Paints Ltd. (up 2.44%), Grasim Industries Ltd. (up 1.88%), Hindustan Unilever Ltd. (up 1.69%), Apollo Hospitals Enterprise Ltd. (up 1.26%), Sun Pharmaceutical Industries Ltd. (up 1.18%), UltraTech Cement Ltd. (up 1.05%), Hero MotoCorp Ltd. (up 0.66%), Divi’s Laboratories Ltd. (up 0.61%), Bharat Petroleum Corporation Ltd. (up 0.53%) and Reliance Industries Ltd. (up 0.36%) were among the top gainers in the Nifty pack. On the other hand, Wipro Ltd. (down 3.16%), Coal India Ltd. (down 3.07%), Oil And Natural Gas Corporation Ltd. (down 2.43%), Hindalco Industries Ltd. (down 1.79%), Mahindra & Mahindra Ltd. (down 1.27%), LTIMindtree Ltd. (down 1.22%), Axis Bank Ltd. (down 1.17%), Larsen & Toubro Ltd. (down 1.07%), State Bank of India (down 1.01%) and Dr. Reddy’s Laboratories Ltd. (down 0.98%) closed in the red.

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