Sugar stocks surge as BSE Sensex rises significantly

The stock market showed strong gains on Tuesday, with significant movement in sugar stocks. As of 10:45 AM, the 30-share BSE Sensex increased by 885.54 points, reaching 75,055.49. The NSE Nifty50 index also saw a rise, up by 262.6 points at 22,771.35. Sugar companies performed particularly well. Uttam Sugar Mills led the charge with a 17.01% increase. Other notable gainers included Avadh Sugar & Energy at 7.95% and Magadh Sugar & Energy at 7.51%. Dalmia Bharat Sugar rose 7.29%, while Mawana Sugars gained 5.56%. Several other sugar stocks, such as Dwarikesh Sugar and Dhampur Sugar, also saw increases. In the broader market, major firms like ICICI Bank and Mahindra & Mahindra also reported gains, rising by 2.51% and 2.33%, respectively. However, some companies faced losses, including Bajaj Finserv, which dropped by 1.55%. Overall, the market trends reflected positive investor sentiment.