Stock market update: Sugar stocks soar; Avadh Sugar jumps over 9%


NEW DELHI: Shares of sugar producers were in the green in Wednesday’s morning trade.

Shares of Avadh Sugar (up 9.20 per cent), Bannari Amman Sugars (up 7.87 per cent), Dalmia Bharat Sugar & Industries (up 6.91 per cent), Sakthi Sugars (up 6.78 per cent) and Uttam Sugar Mills (up 6.77 per cent) gained up to 10 per cent.

Dhampur Sugar Mills (up 6.74 per cent), Piccadily Sugar & Allied Industries (up 4.79 per cent), Dwarikesh Sugar Industries (up 4.02 per cent) and Ugar Sugar Works (up 3.81 per cent) too were trading with gains.

The NSE Nifty50 index was trading 29.90 points up at 11,032.95, while the 30-share BSE Sensex was up 120.53 points at 37,265.98 around 10:15 am.

YES Bank (up 8.16 per cent), Tata Motors (up 6.93 per cent), JSW Steel (up 3.42 per cent), Vedanta (up 2.83 per cent), Tata Steel (up 2.37 per cent) and IndusInd Bank (up 2.13 per cent) were among the top gainers in the Nifty pack.

On the other hand, HCL Technologies (down 2.20 per cent), Wipro (down 1.82 per cent), Tech Mahindra (down 1.35 per cent), Infosys (down 1.21 per cent), Zee Entertainment Enterprises (down 1.02 per cent) were trading in the red.