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Stock market update: Sugar stocks slump; Rana Sugars tumbles 5%

Rana Sugars, Bajaj Hindusthan and Avadh Sugar were the top gainers.

ETMarkets.com|
Updated: Dec 03, 2019, 09.50 AM IST
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Sugar-1200
The NSE Nifty50 index was trading 24.55 points down at 12,023.65, while the 30share BSE Sensex was down 66.03 points at 40,736.14.
NEW DELHI: Shares of sugar firms were in the red in Tuesday's morning trade.

Shares of Rana Sugars (down 4.78 per cent), Bajaj Hindusthan (down 1.86 per cent), Avadh Sugar (down 1.58 per cent), Triveni Engineering & Industries (down 1.46 per cent), EID Parry (down 1.32 per cent), Shree Renuka Sugars (down 1.24 per cent) and Dalmia Bharat Sugar (down 1.06 per cent) were among the top losers.

While Bannari Amman Sugars (up 5.95 per cent), Ugar Sugar Works (up 0.47 per cent) and Vishwaraj Sugar Industries (up 0.29 per cent) were among the top gainers.

The NSE Nifty50 index was trading 24.55 points down at 12,023.65, while the 30share BSE Sensex was down 66.03 points at 40,736.14 at around 09:45 am.

Britannia Industries (up 1.39 per cent), Bajaj Auto (up 1.26 per cent), Titan Company (up 1.05 per cent), Kotak Mahindra Bank (up 0.86 per cent) and Bajaj Finserv (up 0.85 per cent) were among the top gainers in the Nifty pack.

On the other hand, Bharti Infratel (down 5.46 per cent), Tata Steel (down 2.52 per cent), Hindalco Industries (down 2.27 per cent), Vedanta (down 2.25 per cent) and JSW Steel (down 2.12 per cent) were trading in the red.

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