Sugar companies' shares surge on govt aid hopes

Reuters Market Eye - Shares in sugar companies surge on hopes a government committee headed by Farm Minister Sharad Pawar may decide on Wednesday to announce financial assistance for struggling sugar mills as well as an increase in import duties on raw sugar to halt cheaper imports and strengthen domestic prices.

Bajaj Hindusthan Ltd rises 16 percent, Shree Renuka Sugars Ltd is up 10 percent while Balrampur Chini Mills Ltd gains 8.7 percent.

(Reporting by Abhishek Vishnoi)