Stock market update: sugar stocks drop as the market drops

NEW DELHI: Sugar stocks were trading lower at 10:34 a.m. on Friday

Rajshree Sugars & Chemicals (up 3.34%), Dwarikesh Sugar Industries (up 0.88%), Kothari Sugars & Chemicals (up 0.81%), Triveni Engineering & Industries (up 0 , 65%), Vishwaraj Sugar Industries (up 0.36%) and Rana Sugars (up 0.21%) were among the top winners.

BAJAJHIND (down 3.56%), KCP Sugar & Industries (down 1.91%), Ugar Sugar Works (down 1.87%), Dalmia Bharat Sugar & Industries (down 1.71 %), Bannari Amman Sugars (down 1.31%), Shree Renuka Sugars (down 1.05%), Balrampur Chini Mills (down 0.87%), Dharani Sugars & Chemicals (down 0.85%), Uttam Sugar Mills (down 0.84%) and Simbhaoli Sugars (down 0.81%) were among the biggest losers.

The NSE Nifty50 index traded 127.05 points to 16,945.55, while the 30-stock BSE Sensex index was down 387.04 points to 56,928.24 around 10:34 am.

HCL Technologies (up 2.33%), SBI Life (up 1.91%), Tech Mahindra (up 0.83%), Infosys (up 0.58%), ITC (up 0.41% increase), Nestlé India (up 0.33%), Tata Consultancy (up 0.29%), Asian Paints (up 0.28%), Wipro (up 0 , 27%) and Divis Laboratories (up 0.24%) were among the top winners of the Nifty pack.

On the other hand, Grasim Industries (down 2.57%), IndusInd Bank (down 2.46%), NTPC (down 2.13%), Axis Bank (down 2.12%) ), Tata Motors (down 2.07%), Kotak Mahindra Bank (down 2.0%), Oil & Natural Gas Corporation (down 1.99%), Bajaj Finance (down 1.99%), 88%), Adani Ports & Special Economic Zone (down 1.79%) and State Bank of India (down 1.76%) were trading in the red.

Rachel J. Bradford