Share market update: Sugar stocks under pressure; Rana Sugars slips 5%

NEW DELHI: Most sugar stocks were trading with losses in Friday's afternoon session.

Shares of Rana Sugars (down 4.90 per cent), Dharani Sugars & Chemicals (down 4.59 per cent), Thiru Arooran Sugars (down 4.30 per cent), Empee Sugars & Chemicals (down 4.17 per cent), Uttam Sugar Mills (down 3.81 per cent), Rajshree Sugars & Chemicals (down 3.58 per cent), DCM Shriram Industries (down 2.83 per cent), Mawana Sugars (down 2.62 per cent), Triveni Engineering & Industries (down 2.52 per cent), Dalmia Bharat Sugar & Industries (down 2.14 per cent) and Kesar Enterprises (down 2.14 per cent) slumped up to 5 per cent.

Bajaj Hindusthan Sugar (down 1.94 per cent), Dwarikesh Sugar Industries (down 1.89 per cent), EID Parry (down 1.85 per cent), Ugar Sugar Works (down 1.82 per cent), Magadh Sugar (down 1.78 per cent), Avadh Sugar (down 1.66 per cent), Sakthi Sugars (down 1.62 per cent), Piccadily Agro Industries (down 1.21 per cent), Dhampur Sugar Mills (down 1.13 per cent) and

KCP Sugar & Industries (down 0.96 per cent) too were trading with losses.

Meanwhile, Riga Sugar Company (up 4.98 per cent), Indian Sucrose (up 3.36 per cent), Balrampur Chini Mills (up 2.16 per cent), K.M.Sugar Mills (up 1.42 per cent), Simbhaoli Sugars (up 0.99 per cent) and Gayatri Sugars (up 0.79 per cent) were trading higher.

The NSE Nifty50 index was trading 116.75 points down at 11,830 while the 30share BSE Sensex was down 362.28 points at 39,545.78 at around 02:29 pm.

Indiabulls Housing Finance (up 3.15 per cent), IndusInd Bank (up 2.14 per cent), Kotak Mahindra Bank (up 1.05 per cent), Bharti Airtel (up 0.94 per cent) and Bharti Infratel (up 0.91 per cent) were among the top gainers in the Nifty pack.

On the other hand, YES Bank (down 5.92 per cent), Tata Consultancy Services (down 4.42 per cent), NTPC (down 4.29 per cent), UPL (down 4.12 per cent) and Vedanta (down 3.83 per cent) were trading in the red.