Offer market update: Cement stocks droop; Shiva Cement falls 6%

Offer market update: Cement stocks droop; Shiva Cement falls 6%

NEW DELHI: Most concrete stocks were exchanging the red in Wednesday’s evening session.

Portions of Shiva Cement (down 6.12 percent), Keerthi Industries (down 4.94 percent), Andhra Cements (down 4.87 percent), NCL Industries (down 4.77 percent), SKCIL (down 4.00 percent), Shree Cement (down 3.61 percent), HIL (down 2.63 percent), Kakatiya Cements Sugar and Industries (down 2.52 percent), Sanghi Industries (down 2.07 percent) and Ramco Industries (down 2 percent) drooped up to 6 percent.

Sahyadri Industries (down 1.86 percent), Gujarat Sidhee Cement (down 1.85 percent), Prism Johnson (down 1.51 percent), Sagar Cements (down 1.50 percent), Udaipur Cement Works Ltd (down 1.44 percent), IFGL Refractories (down 1.44 percent), Orient Refractories (down 1.29 percent), Mangalam Cement (down 1.26 percent), K C P (down 1.17 percent) and UltraTech Cement (down 0.81 percent) also were exchanging with misfortunes.

In the interim, Birla Corporation (up 3.98 percent), Morganite Crucible (India) (up 3.54 percent), Orient Cement Ltd (up 2.29 percent), Saurashtra Cement (up 2.13 percent), J K Cements (up 1.82 percent), India Cements (up 1.34 percent) and Everest Industries (up 1.12 percent) were exchanging higher.

The NSE Nifty50 record was exchanging 5.40 focuses down at 11,080 while the 30share BSE Sensex was down 11.47 focuses at 37,385.77 at around 12:36 pm.

Truly Bank (up 4.47 percent), IndusInd Bank (up 4.12 percent), Hero MotoCorp (up 3.79 percent) and Sun Pharmaceutical Industries (up 3.47 percent) were among the top gainers in the Nifty pack.

Then again, Zee Entertainment Enterprises (down 5.31 percent), Axis Bank (down 4.06 percent), Tech Mahindra (down 3.87 percent) and Bharti Infratel (down 2.18 percent) were exchanging the red.

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