Stock market update: Sugar stocks plummet; Rana Sugars slides 5%

NEW DELHI: Most of the sugar stocks were trading in the red in Friday's afternoon session.

Shares of Rana Sugars (down 5.00 per cent), Kesar Enterprise (down 4.24 per cent), Gayatri Sugars (down 3.53 per cent), Balrampur Chini Mills (down 2.95 per cent), EID Parry (down 1.78 per cent), Bannari Amman Sugars (down 1.67 per cent) and Avadh Sugar (down 1.57 per cent) were among the top losers.

While Sir Shadi Lal Enterprises (up 4.86 per cent), Indian Sucrose (up 3.99 per cent) and Ponni Sugars (Erode) (up 1.69 per cent) were among the top gainers.

The NSE Nifty50 index was trading 27.45 points down at 11,940.95, while the 30share BSE Sensex was down 95.81 points at 40,479.36 at around 10:57 am.

Zee Entertainment Enterprises (up 3.38 per cent), ITC (up 2.28 per cent), YES Bank (up 2.26 per cent), NTPC (up 2.21 per cent) and Power Grid Corporation of India (up 1.81 per cent) were among the top gainers in the Nifty pack.

On the other hand, Bharti Infratel (down 4.88 per cent), Infosys (down 3.12 per cent), Tech Mahindra (down 2.63 per cent), HCL Technologies (down 1.98 per cent) and Tata Consultancy Services (down 1.79 per cent) were trading in the red.