Stock market update: Sugar stocks surge; Rana Sugars climbs 5%

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

Shares of Rana Sugars (up 4.65 per cent), Sakthi Sugars (up 3.25 per cent), Dhampur Sugar Mills (up 2.81 per cent), Bajaj Hindusthan (up 2.50 per cent) and Dwarikesh Sugar Industries (up 2.29 per cent) gained up to 5 per cent.

Bannari Amman Sugars (up 2.23 per cent), Avadh Sugar (up 1.96 per cent), Balrampur Chini Mills (up 1.94 per cent) and Mawana Sugars (up 1.75 per cent) too were among the top gainers.


The NSE Nifty50 index was trading 107.10 points up at 11,341.65, while the 30share BSE Sensex was up 388.59 points at 38,268.99 at around 09:49 am.

Vedanta (up 4.07 per cent), Tata Steel (up 3.35 per cent), Hindalco Industries (up 3.18 per cent), Coal India (up 2.63 per cent) and JSW Steel (up 2.50 per cent) were among the top gainers in the Nifty pack.

On the other hand, Cipla (down 6.88 per cent), Indiabulls Housing Finance (down 5.48 per cent), Tata Consultancy Services (down 2.72 per cent), Zee Entertainment Enterprises (down 1.24 per cent) and Bharti Airtel (down 0.82 per cent) were trading in the red.