INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most cement stocks were seen under pressure during Monday's trade after reports emerged that the government is mulling
pan-India ban on burning petroleum coke as a fuel.
India's government plans to propose banning burning petroleum coke as a fuel nationwide
to comply with a Supreme Court request as part of a long-running case to clean the country's air, the Times of India reported on Saturday,
quoting two government sources.
Rain Industries Ltd (down 5.64 per cent), A Infrastructure (down 4.91 per cent), Barak Valley Cements (down
4.91 per cent) and Burnpur Cement (down 4.48 per cent) were the top losers among the cement stocks
Andhra Cements (down 3.25 per cent), Orient Refractories (down 3.04 per cent), K C P (down 2.79 per cent), Shiva Cement (down 2.42 per
cent), Morganite Crucible (India) (down 2.24 per cent), J K Cements (down 2.16 per cent), Everest Industries (down 2.02 per cent) and Visaka
Industries (down 1.95 per cent) were also suffering losses
Meanwhile, Orient Cement (up 1.80 per cent), GPT Infraprojects (up 1.75 per cent), UltraTech Cement (up 1.01 per cent), Sahyadri Industries
(up 0.35 per cent) and Ramco Cements (up 0.26 per cent) were in the green
Equity benchmarks were cautious after various exit polls released over the weekend suggests no clear winner in the Karnataka elections
Disappointing industrial output growth data, released on Friday, too dented market sentiment.
The NSE Nifty50 index was trading 2 points
down at 10,804, while the BSE Sensex was flat at 35,535 around 12 pm.
In the Sensex index, 15 stocks were in the green, while 16 were in the
