Share market update: Sugar stocks slip; Kesar Enterprises slumps 5%

Source: economictimes.indiatimes.com

NEW DELHI: Most sugar stocks were trading lower in Thursday’s afternoon session. 

Shares of Kesar Enterprises (down 4.99 per cent), Gayatri Sugars (down 4.78 per cent), Rajshree Sugars & Chemicals (down 4.25 per cent), Avadh Sugar (down 4.09 per cent), Balrampur Chini Mills (down 3.31 per cent), Piccadily Agro Industries (down 3.14 per cent), Thiru Arooran Sugars (down 2.44 per cent), Sakthi Sugars (down 2.22 per cent) and Mawana Sugars (down 2.15 per cent) slumped up to 5 per cent. 

Dhampur Sugar Mills (down 1.84 per cent), Triveni Engineering & Industries (down 1.49 per cent), Magadh Sugar (down 0.80 per cent), KCP Sugar & Industries (down 0.69 per cent), Uttam Sugar Mills (down 0.66 per cent), K.M.Sugar Mills (down 0.40 per cent), Dalmia Bharat Sugar & Industries (down 0.35 per cent) and Dwarikesh Sugar Industries (down 0.20 per cent) too were trading with losses. 

Meanhile, Simbhaoli SugarsNSE 2.29 % (up 5.31 per cent), Sir Shadi Lal Enterprises (up 4.90 per cent), Bannari Amman Sugars (up 4.35 per cent), Indian Sucrose (up 3.75 per cent), Ugar Sugar Works (up 1.58 per cent), Shree Renuka Sugars (up 1.02 per cent) and DCM Shriram Industries (up 0.93 per cent) were trading higher. 

The NSE Nifty50 index was trading 62.60 points up at 11,561.50 while the 30share BSE Sensex was up 197.87 points at 38,754.91 at around 12:52 pm. 

Zee Entertainment Enterprises (up 4.04 per cent), IndusInd Bank (up 3.61 per cent), JSW Steel (up 3.53 per cent), Indiabulls Housing Finance (up 2.51 per cent) and Dr. Reddy’s Laboratories (up 2.24 per cent) were among the top gainers in the Nifty pack. 

On the other hand, Bajaj Auto (down 2.25 per cent), YES Bank (down 1.72 per cent), Tech Mahindra (down 1.69 per cent), Indian Oil Corporation (down 1.15 per cent) and ICICI Bank (down 1.07 per cent) were trading in the red.