NEW DELHI: Sugar stocks were trading mixed during Wednesday's session in the wake of media reports that the Cabinet is likely to consider Wednesday the Rs 4,500 crore package for the cash-starved sugar sector.A PTI report said the package includes doubling production assistance to growers and transport subsidy for export up to 5 million tonnes in the next marketing season starting October.
Meanwhile, the Maharashtra government has decided to commence the 2018-19 sugarcane crushing season early from October 20 as the area under sugarcane has increased than normal, the report added.
Shares of Thiru Arooran Sugars (up 5.92 per cent), Gayatri Sugars (up 4.99 per cent), Parvati Sweetners and Power (up 4.97 per cent), Kesar Enterprise (up 4.88 per cent) and Piccadily Sugar (up 4.82 per cent) jumped up to 5 per cent.Dhampure Specialty Sugars (up 3.91 per cent), Simbhaoli Sugars (up 3.53 per cent), Bannari Amman Sugars (up 2.78 per cent), Ugar Sugar Works (up 2.26 per cent) and KCP Sugar Industries (up 2.12 per cent) too were among top gainers.
On the flip side, Rajshree Sugars Chemicals (down 5.20 per cent) and Empee Sugars Chemicals (down 4.65 per cent) plunged up to 5 per cent.Magadh Sugar Energy (down 3.51 per cent), Dhampur Sugar Mills (down 2.89 per cent), Ponni Sugars (Erode) (down 2.47 per cent), Mawana Sugars (down 2.37 per cent), Triveni Engineering Industries (down 2.20 per cent) and Avadh Sugar Energy (down 1.67 per cent) also featured among the top losers.
The NSE Nifty50 index was trading 12 points up at 11,079 around 09:50 am.
The 30-share BSE Sensex was flat at 36,653 at that time.In the Sensex index, 14 stocks were in the green and 17 were in the red.Indiabulls Housing Finance, Lupin, YES Bank, Eicher Motors, Hindalco Industries, Tata Steel and Bajaj Finance were among the heavyweights that were trading with gains.