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Quiet trades in markets. Sugar stocks gain.

Markets have been seeing quiet trades, with the cues from global markets also not being really supportive. Stocks are trading mixed from specific sectors like banking, financials and infrastructure.

At 10:35 AM, the Nifty is at 5376, up by 15 pts or +0.28%.

Stocks that have witnessed good gains in the last week, have seen corrections in today’s trade. Cement stocks have been soft. Ambuja cements is down by over 1%, while ACC is down by over 1.7%.

Bharti, from the telecom arena, is down by 2%. RCOM is also down by 0.7%. Idea cellular is down by 1.9%.

Stocks from the infrastructure and capital goods sectors have also been trading in the red. Punjlloyd is down by 0.7%. JP Associates is down by 1.4%. L&T is marginally holding in the green.

Metal stocks have further seen some gains. Hindalco is up by 1%. Tata steel & SAIL are up by 0.5% each. Jindal steel is up by 1.2%.

The CNX Midcap index is holding in the green. However the Nifty Junior is struggling in the red territory.

Jubilant Foodworks is down by 2.4%. IVRCL Infra is also down by 1.5%.

Sugar stocks are on the upwsing. Renuka sugars has seen a surge of over 4%. Bajaj Hindustan has shot up by 1.7%.

Sugar stocks


 

 

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