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Simbhaoli Sugars Mills (up 6.76%), Triveni Engineering & Industries (up 2.89%), Shree Renuka Sugars (up 2.25%), Bajaj Hindusthan Sugar (up 2.43%), DCM Shriram Industries (up 1.56%), EID Parry (India) (up 1.59%), and Balrampur Chini Mills (up 1.31%) spurted.
The Nifty 50 index was up 37.10 points, or 0.21% at 17,759.40.
On Tuesday, raw sugar futures on ICE climbed to their highest level in 11 years. This surge was primarily driven by the expectation of restricted exports from India, as well as inadequate supplies from several major sugar-producing nations such as Thailand, Europe, China and Mexico. Furthermore, the possibility of Brazilian and Indian mills directing more sugarcane towards ethanol production, encouraged by crude oil's recent surge, has also contributed to the increase in prices.
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