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

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

Dhampur Sugar Mills (up 7.13%), Shree Renuka Sugars (up 5.51%), Mawana Sugars (up 4.95%), MAGADHSUGAR (up 4.85%),

& Industries(up 4.24%), AVADHSUGAR(up 3.81%), Rajshree Sugars & Chemicals(up 3.46%), Dalmia Bharat Sugar & Industries(up 3.26%), Uttam Sugar Mills (up 2.83%) and KMSugar Mills (up 2.11%) were among the top gainers.

Simbhaoli Sugars (down 3.68%), Bannari Amman Sugars (down 2.00%), DCM Shriram Industries (down 1.75%), Rana Sugars (down 0.83%), Kothari Sugars & Chemicals (down 0.81%), EID Parry (down 0.43%) and Ponni Sugars (Erode) (down 0.10%) were among the day’s biggest losers.



The NSE Nifty50 index closed down 76.85 points at 16584.55, while the 30-stock BSE Sensex index closed down 359.33 points at 55566.41.

Oil & Natural Gas Corporation (+5.0%), Mahindra & Mahindra (+3.61%), NTPC (+3.38%), Coal India (+3.04%), JSW Steel (+2.3 %), Apollo Hospitals Enterprises (+2.24%), SBI Life (up 2.24%), Power Grid Corporation of India (up 2.04%), Britannia Industries (up 2.04%), 0%) and Tech Mahindra (up 1.4%) were among the top gainers in the Nifty pack.

On the other hand, Sun Pharmaceutical Industries (down 3.12%), Kotak Mahindra Bank (down 2.96%), HDFC (down 2.56%), Titan Company Ltd (down 1 .77%), HDFC LIFE INSURANCE (down 1.63%), Shree Cement (down 1.53%), Infosys (down 1.52%), State Bank of India (down 1 .37%), Axis Bank (down 1.22%) and Reliance Industries (down 1.21%) closed in the red.

Rachel J. Bradford