Stock market update: Sugar stocks advance; Avadh Sugar jumps 7%

NEW DELHI: Shares of sugar producers were trading with gains in Wednesday's morning trade.

Shares of Avadh Sugar (up 7.02 per cent), Sir Shadi Lal Enterprises (up 4.98 per cent), Magadh Sugar (up 3.64 per cent) and Mawana Sugars (up 3.35 per cent) gained up to 7 per cent.

Dalmia Bharat Sugar & Industries (up 3.09 per cent), Uttam Sugar Mills (up 3.09 per cent) and Shree Renuka Sugars (up 2.69 per cent) too were among the top gainers.


While Indian Sucrose (down 4.99 per cent), Gayatri Sugars (down 4.91 per cent) and Sakthi Sugars (down 3.94 per cent) were among the top losers.

The NSE Nifty50 index was trading 92.80 points down at 11,495.4, while the 30-share BSE Sensex was down 321.63 points at 38,775.5 at around 09:45 am.

Power Grid Corporation of India (up 3.31 per cent), Titan Company (up 1.15 per cent), NTPC (up 1.09 per cent), Zee Entertainment Enterprises (up 1.08 per cent) and Tata Consultancy Services (up 0.98 per cent) were among the top gainers in the Nifty pack.

On the other hand, Tata Motors (down 3.06 per cent), State Bank of India (down 2.91 per cent), Grasim Industries (down 2.19 per cent), Hindalco Industries (down 2.17 per cent) and Housing Development Finance Corporation (down 2.15 per cent) were trading in the red.