cement stocks: Stock market update: Cement stocks firm up on SC's conditional nod on petcoke import

collected by :Molly Tony

State Bank of India and ICICI Bank were leading the pack of Sensex gainers. NEW DELHI: Cement stocks swung into action in afternoon trade on Thursday after reports emerged that the Supreme Court of India conditionally allowed petcoke import.Petcoke is used as an alternative to coal in cement manufacturing.The decision on import will be vetted by EPCA in the next hearing in the month of October.Shri Keshav Cements & Infra (up 11.24 per cent), Gujarat Sidhee Cement (up 10.41 per cent), Sanghi Industries (up 8.70 per cent), Prism Johnson (up 8.40 per cent), Ambuja Cements (up 6.35 per cent), Mangalam Cement (up 5.65 per cent), Shiva Cement (up 5.36 per cent), Orient Cement Ltd (up 5.36 per cent) and J K Cements (up 5.26 per cent) surged over 5 per cent on BSE.However, Morganite Crucible (India) (down 3.93 per cent), IFGL Refractories (down 2.34 per cent), APCL (down 1.02 per cent) and OCL India (down 0.56 per cent) were in the red.Equity market was firm on gains led by bank, financial and auto stocks. Short-covering of bets on the last session of the futures and options contracts of July series and strengthening rupee against the dollar, kept the overall market sentiment high.Benchmark BSE Sensex was up 130 points at 36,989, while the NSE Nifty50 index was up 36 points at 11,168 around 1:25 pm.In the Sensex index, 20 stocks were advancing, while 11 were declining.Among the 50 stocks in Nifty index, 30 were trading in the green, while 20 were in the red.State Bank of India and ICICI Bank were leading the pack of Sensex gainers.

ICICI bank: Stock market update: Private bank stocks mixed; ICICI Bank rises 2%

Among the 50 stocks in Nifty index, 32 were trading in the green, while 18 were in the red. NEW DELHI: Private bank stocks were trading mixed during the first half of Thursday's session.The Nifty Private Bank index was trading 0.55 per cent up at 15,328 around 10:55 am.Shares of ICICI Bank (up 2.20 per cent), IndusInd Bank (up 0.76 per cent), HDFC Bank (up 0.44 per cent), Axis Bank (up 0.31 per cent) and YES Bank (up 0.30 per cent) were trading up.However, Kotak Mahindra Bank (down 0.68 per cent), Federal Bank (down 0.35 per cent) and IDFC Bank (down 0.13 per cent) were marginally down.PSU bank stocks Canara Bank (up 5.08 per cent), Bank of Baroda (BoB) (up 4.29 per cent), Indian Bank (up 3.95 per cent), State Bank of India (up 3.84 per cent), Bank of India (up 3.63 per cent) and Syndicate Bank (up 3.43 per cent) were trading with strong gains.Equity benchmarks touched fresh record highs on buying in bank, financial, auto and teck stocks amid sustained capital inflow and positive global cues.Short-covering of bets on the last session of the futures and options contracts of July series and strengthening rupee against the dollar, kept the overall market sentiment high.Benchmark NSE Nifty50 index was up 42 points at 11,174, while the BSE Sensex was up 140 points at 36,998.Among the 50 stocks in Nifty index, 32 were trading in the green, while 18 were in the red.

Granules India Ltd.: Stock market update: Pharma stocks mixed; Granules India surges 5%

as mentioned in Fortis Healthcare, Morepen Laboratories, Biocon, Lupin, Novartis India and Narayana Hrudayalaya climbed up to 2 per cent. NEW DELHI: Pharma stocks were trading mixed in afternoon trade on Thursday after an apex advisory board on drugs approved a report backing the health ministry's decision to ban many fixed dose combination (FDC) medicines.The move could potentially deliver a big blow to pharmaceutical companies, including Pfizer, Wockhardt, Alkem Laboratories, Cipla, Sanofi India and Sun Pharma.The BSE Healthcare index was trading 0.49 per cent up at 13,978 around 12:30 pm.Shares of Granules India, Mangalam Drugs and Organics and Indoco Remedies surged up to 5 per cent in the healthcare index.Lincoln Pharmaceuticals, AstraZeneca Pharma India, Abbott India, Gufic BioSciences, Neuland Laboratories and Sanofi India were trading over 2 per cent higher.Fortis Healthcare, Morepen Laboratories, Biocon, Lupin, Novartis India and Narayana Hrudayalaya climbed up to 2 per cent.However, Syngene International, Medicamen Biotech, Alkem Laboratories, Eris Lifesciences, Kopran, Unichem Laboratories, Healthcare Global Enterprises, Marksans Pharma, Vivimed Labs, Indraprastha Medical Corporation, SMS Pharmaceuticals, Apollo Hospitals Enterprise, Aurobindo Pharma, Panacea Biotec and Laurus Labs were among the top losers in the index around the same time.Benchmark BSE Sensex was up 118 points at 36,976, while the NSE Nifty50 index was up 33 points at 11,165.In the Sensex index, 22 stocks were advancing, while 9 were declining.Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

Bajaj Auto Ltd.: Stock market update: Nearly 70 stocks hit 52-week lows despite positive market mood

YES Bank, Maruti Suzuki India, Indian Oil Corporation, HPCL and BPCL stood as the top losers in the Nifty index. NEW DELHI: As many as 66 stocks, including 8K Miles Software Services , Apar Industries, Bajaj Auto and General Insurance Corporation of India defied positive market sentiment to hit 52-week lows on NSE on Thursday.InterGlobe Aviation, Jagran Prakashan , Manpasand Beverages, Navneet Education, Patspin India, Symphony, Unichem Laboratories and Varroc Engineering too featured among stocks that touched 52-week lows on NSE.Frontline indices Sensex and Nifty attained fresh closing-highs on Thursday owing to gains led by bank, financial and FMCG stocks, as investors embarked on short-covering of bets on the last session of the futures and options contracts of July series.Sensex scaled the all-time peak of 37,061.62 soon after opening Thursday's session in the wake of overnight gains in the Wall Street after the US and European Union agreed to take steps to mitigate the prospects of a trade war. However, major Asian markets remained subdued owing to earnings woes.At the closing, Sensex was 126 points, or 0.34 per cent, up at 36,985, with 18 stocks advancing and 13 declining.Nifty finished the day at 11,167, up 35 points, or 0.32 per cent. Overall, 26 stocks settled in the green and 24 in the red in the index.YES Bank, Maruti Suzuki India, Indian Oil Corporation, HPCL and BPCL stood as the top losers in the Nifty index.

Stock market update: These stocks defy bullish market mood, crack over 5%

Wipro, Tech Mahindra, Asian Paints, Bharti Infratel and Hero MotoCorp were among the losers in the Nifty index. NEW DELHI: Defying the bullish sentiment of market, shares of Jagran Prakashan (down 7.43 per cent), Security and Intelligence Services (India) (down 6.85 per cent), Intellect Design Arena (down 6.28 per cent) and Info Edge (down 5.01 per cent) cracked over 5 per cent on NSE in morning trade on Thursday.Jaypee Infra (down 4.30 per cent), Adani Enterprises (down 4.23 per cent), Adani Power (down 4.17 per cent), Avanti Feeds (down 4.08 per cent), Shanthi Gears (down 3.66 per cent) and Adani Transmission (down 3.53 per cent) also declined significantly.Equity benchmarks touched fresh record high on buying in bank, financial, auto and teck stocks amid sustained capital inflow and positive global cues.Short-covering of bets on the last session of the futures and options contracts of July series and strengthening rupee against the dollar, kept the overall market sentiment high.The NSE Nifty index was trading 36 points up at 11,168, while the BSE Sensex was up 123 points at 36,982 around 10:25 am.In the Nifty index, 32 stocks were in the green, while 18 were in the red.Wipro, Tech Mahindra, Asian Paints, Bharti Infratel and Hero MotoCorp were among the losers in the Nifty index.