Thirteen sugar stocks rose 1.14% to 18.93% at 13:09 IST on BSE on reports the Cabinet committee on Economic Affairs approved interest free loan worth Rs 6000 crore to the sugar sector.
Among sugar stocks, Oudh Sugar Mills (up 18.93%), Sakthi Sugars (up 14.36%), Bajaj Hindusthan (up 10.81%), Shree Renuka Sugars (up 11.96%), Simbhaoli Sugars (up 11.23%), Andhra Sugars (up 7.73%), Rana Sugars (up 10.42%), Balrampur Chini Mills (up 5.01%), Dhampur Sugar Mills (up 5.33%), Dwarikesh Sugar Industries (up 4.97%), KCP Sugar & Industries (up 3.38%), Upper Ganges Sugar Industries (up 2.94%) and Triveni Engineering & Industries (up 1.14%) edged higher.
Meanwhile, the S&P BSE Sensex was up 293 points or 1.11% at 26,774.25.
The Government will reportedly provide interest-free loans to sugar mills struggling to pay cane dues to farmers because of weak demand.
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