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Cement shares suffer fresh setback

MUMBAI: The stock markets today came off early highs and ended 18 points up in sustained volatility following strong Asian cues and a 10.9 per cent growth in industrial production as cement shares suffered fresh setback.

Cement stocks were hammered down consistently in the wake of cement companies' decision to hold prices stable for one year. This sector was battered on Friday after the decision.

In a sustained volatility, the BSE 30-share sensitive index moved between 13056.86 and 12844.99 before ending at 12902.63, a net gain of 17.64 points against Friday's close of 12884.99. The S&P CNX Nifty also rose by 16.60 points or 0.45 per cent to close at 3734.60 from 3718.00. Asian markets witnessed a smart rally. Hang Seng ended up 307.54 points and Japan's Nikkei by 128.35 points. . — PTI

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