Stock market update: Sugar stocks down as market rises

economictimes.indiatimes.com:

Ponni Sugars(Erode)Ltd.(up 0.71%), Avadh Sugar & Energy Ltd.(up 0.34%) and KM Sugar Mills Ltd.(up 0.24%) were among the top gainers.

KCP Sugar & Industries Corporation Ltd.(down 1.61%), Shree Renuka Sugars Ltd.(down 1.17%), Vishwaraj Sugar Industries Ltd.(down 1.12%), Bajaj Hindusthan Sugar Ltd.(down 1.00%), Bannari Amman Sugars Ltd.(down 0.98%), Rajshree Sugars & Chemicals Ltd.(down 0.97%), Ugar Sugar Works Ltd.(down 0.86%), DCM Shriram Industries Ltd.(down 0.82%), Magadh Sugar & Energy Ltd.(down 0.78%) and Mawana Sugars Ltd.(down 0.77%) were among the top losers.
The NSE Nifty50 index was trading 39.61 points up at 23908.4, while the 30-share BSE Sensex was up 165.94 points at 78840.19 at around 10:39AM.
UltraTech Cement Ltd.(up 4.55%), Grasim Industries Ltd.(up 2.79%), Dr. Reddy's Laboratories Ltd.(up 2.15%), JSW Steel Ltd.(up 1.9%), Hindustan Unilever Ltd.(up 1.07%), Reliance Industries Ltd.(up 0.97%), Tata Steel Ltd.(up 0.89%), Axis Bank Ltd.(up 0.85%), ICICI Bank Ltd.(up 0.74%) and Hindalco Industries Ltd.(up 0.65%) were among the top gainers in the Nifty pack.

On the other hand, Maruti Suzuki India Ltd.(down 1.1%), Coal India Ltd.(down 0.95%), HCL Technologies Ltd.(down 0.74%), Larsen & Toubro Ltd.(down 0.68%), Sun Pharmaceutical Industries Ltd.(down 0.66%), Tech Mahindra Ltd.(down 0.63%), HDFC Bank