Sugar stocks slip; Kesar Enterprise dips 8 per cent

Most sugar stocks were trading with losses in Wednesday's trading session.

The sugar stocks that were trading in red include Kesar Enterprise (down 8.59 per cent), Piccadily Sugar and Allied Ind. (down 8.43 per cent), Riga Sugar Company (down 4.97 per cent), Indian Sucrose (down 4.79 per cent), Dharani Sugars & Chemicals (down 3 per cent), Simbhaoli Sugars (down 2.90 per cent) and Dhampure Specialty Sugars (down 2.64 per cent).

Other sugar stocks that slumped but not quite as drastically include Piccadily Agro Industries (down 2.08 per cent), K. M. Sugar Mills (down 1.73 per cent), Mawana Sugars (down 1.38 per cent) and Ugar Sugar Works (down 1.27 per cent).

However, some sugar stocks managed to trade in green. These include Sir Shadi Lal Enterprises (up 4.90 per cent), PARVATI (up 4.36 per cent), Ponni Sugars (Erode) (up 3.47 per cent), Triveni Engineering & Industries (up 2.58 per cent), Sakthi Sugars (up 1.68 per cent) and Balrampur Chini Mills (up 1.08 per cent).

The NSE Nifty 50 Index closed at 11,584.30, down 87.65 points or 0.75 per cent.