Cement stocks in demand
Stocks trimmed gains in early afternoon trade yesterday. At 12:19 IST, the barometer index, the S&P BSE Sensex, was up 87.03 points or 0.24% at 35,779.55. The Nifty 50 index was up 22.50 points or 0.21% at 10,865.35. Cement stocks rose. Domestic stocks drifted higher in early trade. Stocks trimmed gains in morning trade. Key benchmark indices once again regained strength in mid-morning trade.
Ambuja Cements (up 1.88%), ACC (up 2.21%), UltraTech Cement (up 1%) and Shree Cement (up 0.16%) gained. Grasim Industries was off 0.39%. Grasim has exposure to the cement sector through its holding in UltraTech Cement.
Traders and investors are closely awaiting a series of domestic and global events this week. The wholesale price index (WPI) inflation data will be announced today, 14 June 2018.