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Stock market update: Cement stocks slump; Orient Cement slides 7%

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NEW DELHI: Most of the cement stocks were trading with losses in Monday's morning trade. Shares of Orient Cement (down 6.83 per cent), Saurashtra Cement (down 5.84 per cent), Keerthi Industries (down 4.98 per cent), Burnpur Cement (down 4.96 per cent) and Shri Keshav Cements (down 4.94 per cent) fell as much as 7 per cent. JK Lakshmi Cement (down 3.91 per cent), NCL Industries (down 3.49 per cent) and Kakatiya Cements Sugar - Industries (down 3.30 per cent) too were among the top losers. While Shree Digvijay Cement Co (up 2.05 per cent), Birla Corporation (up 1.37 per cent) and Dalmia Bharat (up 0.81 per cent) were among the top gainers.

The NSE Nifty50 index was trading 94.35 points down at 11,418.05, while the 30-share BSE Sensex was down 321.91 points at 38,500.66 at around 10:39 am.

HCL Technologies (up 1.82 per cent), UPL (up 1.52 per cent), Bharat Petroleum Corporation (up 1.40 per cent), Tata Consultancy Services (up 1.30 per cent), Infosys (up 1.29 per cent) were among the top gainers in the Nifty pack.

On the other hand, Indiabulls Housing Finance (down 20.55 per cent), YES Bank (down 10.46 per cent), Zee Entertainment Enterprises (down 6.49 per cent), IndusInd Bank (down 5.91 per cent), ICICI Bank (down 3.77 per cent) were trading in the red.




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