Stock market update: Sugar stocks slump; Piccadily Agro falls 4%

NEW DELHI: Most of the sugar stocks were trading with losses in Wednesday's morning session.

Shares of Piccadily Agro Industries (down 4.29 per cent), Simbhaoli Sugars (down 3.23 per cent), Ugar Sugar Works (down 1.72 per cent), Shree Renuka Sugars (down 1.68 per cent), Uttam Sugar Mills (down 1.04 per cent), Magadh Sugar (down 0.85 per cent) and Dhampur Sugar Mills (down 0.74 per cent) were among the top losers.

While Sakthi Sugars (up 0.23 per cent), Bajaj Hindusthan (up 0.16 per cent) and Dwarikesh Sugar Industries (up 0.21 per cent) were among the top gainers.


The NSE Nifty50 index was trading 28.60 points down at 11,965.6, while the 30share BSE Sensex was down 94.39 points at 40,581.06 at around 09:35 am.

Bharti Infratel (up 3.68 per cent), Tata Motors (up 1.64 per cent), Bharti Airtel (up 0.86 per cent), ICICI Bank (up 0.77 per cent) and Wipro (up 0.76 per cent) were among the top gainers in the Nifty pack.

On the other hand, JSW Steel (down 2.51 per cent), YES Bank (down 2.44 per cent), Tata Steel (down 1.65 per cent), Vedanta (down 1.61 per cent) and Coal India (down 1.51 per cent) were trading in the red.