Stock market update: Sugar stocks down as market falls

The 30-share BSE Sensex was down 427.39 points at 56929.22

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
NEW DELHI: Sugar stocks were trading lower on Wednesday at 10:59AM

were among the top gainers.

Rajshree Sugars & Chemicals(down 5.53%), BAJAJHIND(down 5.00%), Triveni Engineering & Industries(down 4.78%), Rana Sugars(down 4.55%), Shree Renuka Sugars(down 4.48%), Uttam Sugar Mills(down 4.21%), Ugar Sugar Works(down 3.97%), AVADHSUGAR(down 3.88%), K.M.Sugar Mills(down 3.86%) and KCP Sugar & Industries(down 3.80%) were among the top losers.


The NSE Nifty50 index was trading 148.85 points down at 17051.95, while the 30-share BSE Sensex was down 427.39 points at 56929.22 at around 10:59AM.

Reliance Industries(up 1.32%), Hero MotoCorp(up 0.78%) and HDFC Bank(up 0.18%) were among the top gainers in the Nifty pack.

On the other hand, Bajaj Finance(down 4.79%), Bajaj Finserv(down 2.88%), SBI Life(down 2.59%), Hindalco Industries(down 2.54%), Apollo Hospitals Enterprises(down 2.39%), Titan Company Ltd(down 2.33%), Grasim Industries(down 2.17%), Wipro(down 2.09%), Shree Cement(down 1.98%) and TATA CONSUMER PRODUCTS(down 1.93%) were trading in the red.
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