Stock market update: Sugar stocks bullish; Shree Renuka Sugars rockets 14%

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

Shares of Shree Renuka Sugars (up 13.74 per cent), Ponni Sugars (Erode) (up 10.21 per cent), Vishwaraj Sugar Industries (up 6.13 per cent), Magadh Sugar (up 3.06 per cent), Bajaj Hindusthan (up 3.03 per cent), KM Sugar Mills (up 1.92 per cent) and KCP Sugar (up 1.80 per cent) were among the top gainers.

While Bannari Amman Sugars (down 5.14 per cent), Kesar Enterprise (down 4.99 per cent) and Ugar Sugar Works (down 4.61 per cent) were among the top losers.

The NSE Nifty50 index was trading 21.55 points down at 11,886.6, while the 30share BSE Sensex was down 49.02 points at 40,274.59 at around 09:39 am.

Indiabulls Housing Finance (up 2.71 per cent), YES Bank (up 2.25 per cent), Zee Entertainment Enterprises (up 0.82 per cent), Bharat Petroleum Corporation (up 0.75 per cent) and Indian Oil Corporation (up 0.67 per cent) were among the top gainers in the Nifty pack.

On the other hand, Sun Pharmaceutical Industries (down 2.91 per cent), Cipla (down 1.62 per cent), Grasim Industries (down 1.57 per cent), HCL Technologies (down 0.96 per cent) and Dr. Reddy's Laboratories (down 0.84 per cent) were trading in the red.