Stock market update: Sugar stocks surge; Magadh Sugar leaps 4%

NEW DELHI: Shares of sugar producers were in the green in Monday's morning trade.

Shares of Magadh Sugar (up 3.85 per cent), Balrampur Chini Mills (up 3.04 per cent), KM Sugar Mills (up 2.48 per cent), Avadh Sugar (up 2.18 per cent) and Dalmia Bharat Sugar & Industries (up 2.06 per cent) jumped up to 4 per cent.

Triveni Engineering & Industries (up 1.70 per cent), KCP Sugar & Industries (up 1.65 per cent) and Ugar Sugar Works (up 1.65 per cent) too were among the top gainers.

While Simbhaoli Sugars (down 4.48 per cent), Kesar Enterprise (down 3.82 per cent) and Dharani Sugars & Chemicals (down 2.84 per cent) were the top losers.

The NSE Nifty50 index was trading 29.35 points up at 11,334.4, while the 30-share BSE Sensex was up 79.08 points at 38,206.16.

Tata Motors (up 4.20 per cent), Tata Steel (up 3.32 per cent), Vedanta (up 2.82 per cent), JSW Steel (up 2.35 per cent) and Sun Pharmaceutical Industries (up 1.73 per cent) were among the top gainers in the Nifty pack.

On the other hand, Indiabulls Housing Finance (down 4.43 per cent), Infosys (down 2.73 per cent), UPL (down 1.28 per cent), Cipla (down 1.03 per cent) and Bajaj Finance (down 0.78 per cent) were trading in the red.