Stock market update: Sugar stocks mixed; Uttam Sugar Mills, Balrampur Chini Mills gain

NEW DELHI: Sugar stocks were trading mixed on Wednesday a day after registering decent gains in anticipation of the government announcing a bailout package for cash-starved mills to clear dues to farmers.

Thiru Arooran Sugars (up 4.20 per cent), DCM Shriram Industries (up 3.75 per cent), Uttam Sugar Mills (up 3.73 per cent) and KCP Sugar & Industries (up 2.47 per cent) were the top gainers among sugar stocks.

Ugar Sugar Works (up 1.61 per cent), Balrampur Chini Mills (up 0.55 per cent), Rajshree Sugars & Chemicals (up 0.54 per cent), Dharani Sugars & Chemicals (up 0.34 per cent), Dalmia Bharat Sugar & Industries (up 0.32 per cent) and Sakthi Sugars (up 0.31 per cent) were also up with tepid gains.


On the other hand, Kesar Enterprise (down 7.58 per cent), Empee Sugars & Chemicals (down 4.97 per cent), Indian Sucrose (down 3.89 per cent) and Piccadily Agro Industries (down 3.86 per cent) were incurring losses.

Simbhaoli Sugars (down 2.21 per cent), Gayatri Sugars (down 1.92 per cent), Rana Sugars (down 1.41 per cent), Mawana Sugars (down 1.30 per cent) and Dhampure Specialty Sugars (down 1.17 per cent) were also under pressure.

The NSE Nifty50 index was trading 43 points up at 10,636, while the BSE Sensex was up 144 points at 35,047 around 11:25 am.

In the Sensex kitty, 25 stocks were trading with gains and only 6 were suffering losses.

Bajaj Auto, Bharti Airtel and Sun Pharma were leading among Sensex gainers.

Asian Paints, Power Grid and ICICI Bank were in the red in the Sensex index.