Stock market update: Sugar stocks in the red; Ponni Sugars plummets 11%

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

Shares of Ponni Sugars (Erode) (down 11.03 per cent), Rajshree Sugars & Chemicals (down 4.68 per cent), Dalmia Bharat Sugar & Industries (down 4.07 per cent) and KCP Sugar & Industries (down 2.78 per cent) were among the top losers.

Bannari Amman Sugars (up 10.24 per cent), Piccadily Agro Industries (up 3.75 per cent) and Rana Sugars (up 2.82 per cent) were among the top gainers.


The NSE Nifty50 index was trading 1.70 points up at 10,984.5, while the 30-share BSE Sensex was up 17.00 points at 37121.28 at around 10:48 am.

Titan Company (up 2.92 per cent), Hindustan Unilever (up 0.93 per cent), Kotak Mahindra Bank (up 0.91 per cent), Power Grid Corporation of India (up 0.90 per cent) and ICICI Bank (up 0.88 per cent) were among the top gainers in the Nifty pack.

On the other hand, YES Bank (down 4.93 per cent), Dr. Reddy's Laboratories (down 2.13 per cent), Indiabulls Housing Finance (down 1.97 per cent) and Grasim Industries (down 1.39 per cent) were trading in the red.