Share market update: Sugar stocks advance; Magadh Sugar surges 10%

NEW DELHI: Most sugar stocks were trading on a positive note in Tuesday's afternoon session.

Shares of Magadh Sugar (up 9.97 per cent), Mawana Sugars (up 9.26 per cent), Balrampur Chini Mills (up 7.93 per cent), Avadh Sugar (up 7.59 per cent), Dharani Sugars & Chemicals (up 6.90 per cent), Rana Sugars (up 5.80 per cent) and Dhampur Sugar Mills (up 5.45 per cent) zoomed to almost 10 per cent.

Thiru Arooran Sugars (up 4.97 per cent), Parvati (up 4.88 per cent), KCP Sugar & Industries (up 4.81 per cent), Dwarikesh Sugar Industries (up 4.76 per cent) and Uttam Sugar Mills (up 4.67 per cent) were trading with gains too.

Meanwhile, Sir Shadi Lal Enterprises (down 4.95 per cent), Simbhaoli Sugars (down 4.66 per cent) and Bannari Amman Sugars (down 0.03 per cent) were trading with losses.

The NSE Nifty50 index was trading 56.65 points up at 11,114.5, while the 30-share BSE Sensex was up 144.94 points at 37,639.06 at around 12:43PM.

Tata Motors (up 6.87 per cent), Britannia Industries (up 6.28 per cent), Tata Steel (up 4.04 per cent), NTPC (up 3.75 per cent) and GAIL (India) (up 3.68 per cent) were among the top gainers in the Nifty pack.

On the other hand, Bharti Airtel (down 2.12 per cent), Infosys (down 2.06 per cent), Tata Consultancy Services (down 1.44 per cent), Kotak Mahindra Bank (down 0.75 per cent) and Cipla (down 0.74 per cent) were trading in the red.