Cement shares in demand

Key benchmarks extended gains and hit fresh intraday high in early afternoon trade. At 12:19 IST, the barometer index, the S&P BSE Sensex, was up 414.06 points or 1.08% at 38,665.86. The
BY admin
Published - Wednesday, 29 Aug, 2018

Key benchmarks extended gains and hit fresh intraday high in early afternoon trade. At 12:19 IST, the barometer index, the S&P BSE Sensex, was up 414.06 points or 1.08% at 38,665.86. The Nifty 50 index was up 117.75 points or 1.02% at 11,674.85. Both Sensex and Nifty hit fresh all-time highs in early afternoon trade. The gains were supported by favourable global cues. Cement shares rose across the board. Cement shares were in demand. UltraTech Cement (up 0.64%), Ambuja Cements (up 0.57%) and ACC (up 0.34%), edged higher. Grasim Industries was up 2.05%. Grasim has exposure to cement sector through its holding in UltraTech Cement.