Stock market update: Sugar stocks up as market falls

NEW DELHI: Sugar shares closed lower in the Wednesday's session.

Triveni Engineering & Industries Ltd.(up 6.34%), Simbhaoli Sugars Ltd.(up 4.78%), Rana Sugars Ltd.(up 4.50%), Balrampur Chini Mills Ltd.(up 3.81%), Magadh Sugar & Energy Ltd.(up 3.25%), Dalmia Bharat Sugar and Industries Ltd.(up 2.45%), Avadh Sugar & Energy Ltd.(up 2.45%), Shree Renuka Sugars Ltd.(up 2.00%), Bajaj Hindusthan Sugar Ltd.(up 1.92%) and Dhampur Sugar Mills Ltd.(up 1.59%) stood among the top gainers.

Vishwaraj Sugar Industries Ltd.(down 1.71%), Ponni Sugars(Erode)Ltd.(down 0.67%), Ugar Sugar Works Ltd.(down 0.45%) and Bannari Amman Sugars Ltd.(down 0.16%) were among the top losers of the day.

The NSE Nifty50 index ended 73.75 points down at 24752.45, while the 30-share BSE Sensex closed down 239.31 points at 81312.32.

HDFC Life Insurance Company Ltd.(up 1.76%), Bharat Electronics Ltd.(up 1.32%), Bajaj Finance Ltd.(up 1.06%), Bharti Airtel Ltd.(up 0.67%), Hero MotoCorp Ltd.(up 0.56%), ICICI Bank Ltd.(up 0.52%), Adani Ports & Special Economic Zone Ltd.(up 0.49%), NTPC Ltd.(up 0.45%), State Bank of India(up 0.36%) and HCL Technologies Ltd.(up 0.32%) stood among the top gainers in the Nifty pack.

On the other hand, ITC Ltd.(down 3.16%), IndusInd Bank Ltd.(down 1.9%), Nestle India Ltd.(down 1.71%), Apollo Hospitals Enterprise Ltd.(down 1.66%), UltraTech Cement Ltd.(down 1.61%), Tata Consumer Products Ltd.(down 1.5%), Hindalco Industries Ltd.(down 1.45%), Grasim Industries Ltd.(down 1.41%), Mahindra & Mahindra Ltd.(down 1.39%) and Bajaj Auto Ltd.(down 1.28%) closed in the red.