Stock market update: Sugar stocks up as market falls

Stock market update: Sugar stocks up as market falls

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Synopsis

The 30-share BSE Sensex closed down 90.99 points at 57806.49

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 shares closed lower in the Wednesday’s session.

KCP Sugar & Industries(up 7.83%), Mawana Sugars(up 5.39%), Balrampur Chini Mills(up 5.38%), Simbhaoli Sugars(up 3.95%), Dalmia Bharat Sugar & Industries(up 3.72%), MAGADHSUGAR(up 3.35%), Dhampur Sugar Mills(up 3.21%), Uttam Sugar Mills(up 2.98%), Rajshree Sugars & Chemicals(up 2.19%) and Bannari Amman Sugars(up 1.35%) stood among the top gainers.

Sakthi Sugars(down 3.81%), Vishwaraj Sugar Industries(down 2.88%), Ponni Sugars(Erode)(down 1.75%), Kothari Sugars & Chemicals(down 0.88%), Ugar Sugar Works(down 0.81%), Shree Renuka Sugars(down 0.81%), BAJAJHIND(down 0.67%) and DCM Shriram Industries(down 0.11%) were among the top losers of the day.

The NSE Nifty50 index ended 19.65 points down at 17213.6, while the 30-share BSE Sensex closed down 90.99 points at 57806.49.

Eicher Motors(up 3.3%), Sun Pharmaceutical Industries(up 2.91%), Bajaj Auto(up 2.72%), Divis Laboratories(up 2.13%), IndusInd Bank(up 2.03%), Dr Reddys Laboratories(up 1.88%), Titan Company Ltd(up 0.94%), Bajaj Finserv(up 0.92%), Maruti Suzuki(up 0.72%) and SBI Life(up 0.68%) stood among the top gainers in the Nifty pack.

On the other hand, ITC(down 1.5%), State Bank of India(down 1.47%), Coal India(down 1.41%), Tech Mahindra(down 1.07%), Grasim Industries(down 1.07%), Tata Steel(down 0.99%), Adani Ports & Special Economic Zone(down 0.89%), Tata Motors(down 0.87%), Hindalco Industries(down 0.85%) and NTPC(down 0.77%) closed in the red.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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SynopsisThe 30-share BSE Sensex closed down 90.99 points at 57806.49AgenciesMazhar 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 shares closed lower in the Wednesday’s session. KCP Sugar & Industries(up 7.83%), Mawana Sugars(up 5.39%), Balrampur Chini Mills(up 5.38%), Simbhaoli Sugars(up 3.95%), Dalmia Bharat Sugar & Industries(up 3.72%), MAGADHSUGAR(up 3.35%), Dhampur Sugar Mills(up 3.21%), Uttam Sugar Mills(up 2.98%), Rajshree Sugars & Chemicals(up 2.19%) and Bannari Amman Sugars(up 1.35%) stood among the top gainers. Sakthi Sugars(down 3.81%), Vishwaraj Sugar Industries(down 2.88%), Ponni Sugars(Erode)(down 1.75%), Kothari Sugars & Chemicals(down 0.88%), Ugar Sugar Works(down 0.81%), Shree Renuka Sugars(down 0.81%), BAJAJHIND(down 0.67%) and DCM Shriram Industries(down 0.11%) were among the top losers of the day. The NSE Nifty50 index ended 19.65 points down at 17213.6, while the 30-share BSE Sensex closed down 90.99 points at 57806.49. Eicher Motors(up 3.3%), Sun Pharmaceutical Industries(up 2.91%), Bajaj Auto(up 2.72%), Divis Laboratories(up 2.13%), IndusInd Bank(up 2.03%), Dr Reddys Laboratories(up 1.88%), Titan Company Ltd(up 0.94%), Bajaj Finserv(up 0.92%), Maruti Suzuki(up 0.72%) and SBI Life(up 0.68%) stood among the top gainers in the Nifty pack. On the other hand, ITC(down 1.5%), State Bank of India(down 1.47%), Coal India(down 1.41%), Tech Mahindra(down 1.07%), Grasim Industries(down 1.07%), Tata Steel(down 0.99%), Adani Ports & Special Economic Zone(down 0.89%), Tata Motors(down 0.87%), Hindalco Industries(down 0.85%) and NTPC(down 0.77%) closed in the red. (What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by 4 mins read7 mins read3 mins read4 mins read7 mins read2 mins read5 mins read3 mins read

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