Stock market update: Sugar stocks surge; Ugar Sugar Works leaps 9%

NEW DELHI: Shares of sugar stocks were in the green in Wednesday's morning trade.

Shares of Ugar Sugar Works (up 8.75 per cent), Rana Sugars (up 7.48 per cent), KCP Sugar & Industries (up 6.90 per cent), Avadh Sugar (up 5.60 per cent) and KM Sugar Mills (up 4.28 per cent) gained up to 9 per cent.

Mawana Sugars (up 4.25 per cent), Dwarikesh Sugar Industries (up 3.23 per cent), Shree Renuka Sugars (up 3.13 per cent) and Bajaj Hindustan (up 3.02 per cent) too were among the top gainers.


The NSE Nifty50 index was trading 12.45 points down at 11,575.9, while the 30share BSE Sensex was down 39.77 points at 38,924.07 at around 10:00 am.

Bajaj Finserv (up 2.81 per cent), HCL Technologies (up 2.71 per cent), Titan Company (up 1.62 per cent), Britannia Industries (up 1.29 per cent) and Tech Mahindra (up 1.12 per cent) were among the top gainers in the Nifty pack.

On the other hand, Indiabulls Housing Finance (down 5.94 per cent), Adani Ports & Special Economic Zone (down 4.79 per cent), YES Bank (down 2.90 per cent), Zee Entertainment Enterprises (down 2.36 per cent), Tata Motors (down 2.09 per cent) were trading in the red.