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Sensex, Nifty firm; banks, infra, auto stocks zoom

Tata Motors and Tata Power are up 3 percent each while BHEL, Cipla and Bharti Airtel are top gainers in the Sensex. ITC, Infosys, HDFC, TCS and M&M are major losers.

11:22

The News International Team

11:45 am Interview: India Cements showed a marginal improvement in the first quarter on a sequential basis. Speaking to CNBC-TV18, N Srinivasan, VC and MD of the company says he expects a smart pickup in demand growth in 6-9 months. In March-April the prices were really low and have started to pickup only now, he adds. The total income of the company is down 1 percent to Rs 1,228 crore for the quarter ended June versus Rs 1,240 crore reported last year. The EBITDA margin is at 13 percent versus 15.6 percent year-on-year.

According to him, cement prices have moved higher since June with the average cement price around Rs 360 per bag in South India. Going ahead, Srinivasan expects the South India cement prices to move higher by Rs 15-20 per bag.

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The market is holding its gains. The Sensex is up 98.89 points at 26202.12 and the Nifty is up 30.70 points at 7822.40. About 1553 shares have advanced, 725 shares declined, and 99 shares are unchanged.

Tata Motors and Tata Power are up 3 percent each while BHEL, Cipla and Bharti Airtel are top gainers in the Sensex. ITC, Infosys, HDFC, TCS and M&M are major losers.

Oil prices eased in Asian trade, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns of a full-scale military conflict, analysts said. US benchmark West Texas Intermediate for September delivery was down 46 cents at USD 96.89 while Brent crude for October fell 65 cents to USD 102.88 in mid-morning trade.

 

10:11

Nifty holds 7800; Tata Power up 3%, ITC & Infosys drag

Tata Power is up 3 percent, followed by Tata Motors, BHEL, Cipla and Bharti Airtel. Among the laggards are ITC, Infosys, HDFC, TCS and Wipro.

Read More »

09:13

Sensex, Nifty flat; Cipla & Bharti fall, Tata Motors gainRead More »

Tata Power, ONGC, HUL, Tata Motors and Dr Reddy’s Labs are top gainers in the Sensex. Among the losers are Sun Pharma, Hindalco, Cipla, Coal India and Bharti Airtel.

Read More »

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