Stock market update: Sugar stocks plunge; Bajaj Hindusthan tanks 13%

NEW DELHI: Most of the sugar stocks were in the red in Friday's trade.

Shares of Bajaj Hindusthan (down 13.58 per cent), Piccadily Sugar & Allied Inds (down 7.61 per cent), Rajshree Sugars & Chemicals (down 6.90 per cent), Piccadily Agro Industries (down 6.50 per cent) and Shree Renuka Sugars (down 5.80 per cent) were among the top losers.

Sakthi Sugars (down 5.77 per cent), Kesar Enterprise (down 5.59 per cent), KCP Sugar & Industries (down 5.49 per cent), Dalmia Bharat Sugar & Industries (down 5.42 per cent) and Triveni Engineering & Industries (down 5.39 per cent) too were trading with losses.


While Magadh Sugar (up 8.21 per cent) was the only gainer.

The NSE Nifty50 index was trading 369.00 points down at 10,900, while the 30share BSE Sensex was down 1,207.88 points at 37,262.73 at around 11:07 am.

IndusInd Bank (down 7.98 per cent), Tata Steel (down 6.51 per cent), State Bank of India (down 6.38 per cent), Bajaj Finance (down 5.18 per cent) and ICICI Bank (down 4.37 per cent) were trading in the red.