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Share market update: Cement stocks under pressure; A Infra slumps 5%

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NEW DELHI: Most cement stocks were trading in the red in Friday’s afternoon session.

Shares of A Infrastructure (down 4.98 per cent), Shree Digvijay Cement (down 4.39 per cent), Saurashtra Cement (down 3.19 per cent), Orient Cement (down 3 per cent), BIGBLOC Construction (down 2.88 per cent), Ambuja Cements (down 2.74 per cent), Udaipur Cement Works (down 2.22 per cent), Andhra Cements (down 2.17 per cent) and Kakatiya Cements Sugar & Industries (down 2.03 per cent) slumped up to 5 per cent.

Shiva Cement (down 1.99 per cent), Gujarat Sidhee Cement (down 1.97 per cent), India Cements (down 1.97 per cent), Mangalam Cement (down 1.52 per cent), Keerthi Industries (down 1.47 per cent), The Ramco Cements (down 1.39 per cent), ACC (down 1.30 per cent), UltraTech Cement (down 1.22 per cent), IFGL Refractories (down 1.15 per cent), Dalmia Bharat (down 1.14 per cent), NCL Industries (down 0.98 per cent), Orient Refractories (down 0.88 per cent), J K Cements (down 0.79 per cent) and Shree Cement (down 0.79 per cent) too were trading with losses.

Meanwhile, SKCIL (up 3.98 per cent), K C P (up 1.04 per cent), Everest Industries (up 0.99 per cent), JK Lakshmi Cement (up 0.86 per cent), Sahyadri Industries (up 0.84 per cent), Star Cement (up 0.75 per cent), Sagar Cements (up 0.63 per cent) and Birla Corporation (up 0.53 per cent) were trading higher.

The NSE Nifty50 index was trading 65 points down at 11,849.05 while the 30share BSE Sensex was down 199.51 points at 39,541.85 at around 02:14 pm.

Bharti Infratel (up 1.35 per cent), Vedanta (up 0.98 per cent), Oil And Natural Gas Corporation (up 0.56 per cent), Power Grid Corporation of India (up 0.52 per cent) and GAIL (India) (up 0.52 per cent) were among the top gainers in the Nifty pack.

On the other hand, Zee Entertainment Enterprises (down 5.76 per cent), IndusInd Bank (down 5.06 per cent), Bharti Airtel (down 2.31 per cent), Axis Bank (down 2.18 per cent) and Bajaj Auto (down 1.63 per cent) were trading in the red.

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Source: Economic Times