Sugar stocks rise as market falls

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Sugar stocks showed strength as the market fell on Thursday morning.

Top gainers among sugar stocks were Ugar Sugar Works (up 4.62%), EID Parry (up 4.48%), Shree Renuka Sugars (up 4.33%), KCPP sugar & Industries (up 3.25%), Triveni Engineering & Industries (up 3.10%), Dhampur Sugar Mills (up 2.96%), Sakthi Sugars (up 2.90%), K.M. Sugar Mills (up 2.85%) and Dalmia Bharat Sugar & Industries (up 2.46%).

Top losers include Bannari Amman Sugars (down 0.12%).

Indian stocks traded largely steady on Thursday morning after a decline the previous session after wholesale inflation further eased in the month of August.

India’s wholesale inflation declined further during the month of August to 12.41 per cent from 13.93 per cent the previous month but continues to remain in double digits, official data released on Wednesday showed.

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