INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most sugar stocks jumped higher in Friday's session, a day after India's cabinet approved funds to pay interest on loans to
the sugar industry.
India's cabinet on Thursday approved a plan to spend up to Rs 1,054 crore to pay interest on loans to the sugar
industry for a year, in a bid to help sugar mills clear their dues to farmers.
Shares of Dharani Sugars Chemicals (up 6.75 per cent), Uttam
Sugar Mills (up 5.90 per cent) and DCM Shriram Industries (up 5.77 per cent) were the top gainers in the sugar space.
Shares of Kesar
Enterprise (up 5.63 per cent), Triveni Engineering Industries (up 5.54 per cent), Dwarikesh Sugar Industries (up 5.53 per cent), Thiru
Arooran Sugars (up 4.97 per cent), Parvati Sweetners (up 4.74 per cent), Indian Sucrose (up 4.69 per cent) and Rana Sugars (up 4.41 per
cent), too, were trading with healthy gains
The NSE Nifty50 index was trading 51 points up at 10,844 at around 11:18 am
The 30-share BSE Sensex was up 166 points at 36,033 around the same time
Vedanta, IndusInd Bank, Coal India and YES Bank were among the top gainers in the Sensex index.
