Share market update: Cement stocks under pressure; Shiva Cement plunges 11%

NEW DELHI: Most cement stocks were trading in the red in Monday's afternoon session.

Shares of Shiva Cement (down 11.56 per cent), GPT Infraprojects (down 8.83 per cent), Visaka Industries (down 5.05 per cent), A Infrastructure (down 4.91 per cent), Orient Cement Ltd (down 4.85 per cent), Rain Industries Ltd (down 4.79 per cent), K C P (down 4.66 per cent), Sahyadri Industries (down 3.64 per cent), IFGL Refractories (down 3.56 per cent), Ambuja Cements (down 3.42 per cent), NCL Industries (down 3.28 per cent), India Cements (down 2.91 per cent), HIL (down 2.77 per cent), Andhra Cements (down 2.76 per cent), Everest Industries (down 2.62 per cent), Birla Corporation (down 2.62 per cent), Dalmia Bharat (down 2.53 per cent), UltraTech Cement (down 2.36 per cent), Gujarat Sidhee Cement (down 2.31 per cent), HeidelbergCement India (down 2.23 per cent) and Shree Digvijay Cement (down 2.13 per cent) slumped up to 12 per cent.

ACC (down 1.96 per cent), Century Textiles & Industries (down 1.96 per cent), Kakatiya Cements Sugar & Industries (down 1.87 per cent), Shree Cement (down 1.73 per cent), Burnpur Cement (down 1.71 per cent), Sanghi Industries (down 1.69 per cent), Morganite Crucible (India) (down 1.67 per cent), Saurashtra Cement (down 1.36 per cent), Mangalam Cement (down 1.09 per cent) and Star Cement (down 0.94 per cent) too were trading with losses.

Meanwhile, APCL (up 6.75 per cent), Indian Hume Pipe Company (up 1.13 per cent), JK Lakshmi Cement (up 1.10 per cent), Orient Refractories (up 0.79 per cent) and Udaipur Cement Works (up 0.35 per cent) were trading higher.

ICICI Bank (up 3.22 per cent), HCL Technologies (up 0.79 per cent), Infosys (up 0.39 per cent), Tata Consultancy Services (up 0.25 per cent), Tech Mahindra (up 0.19 per cent) were trading higher.

On the other hand, Indiabulls Housing Finance (down 8.03 per cent), Grasim Industries (down 6.25 per cent), Bharti Infratel (down 4.76 per cent) and Bajaj Auto (down 4.68 per cent) were trading in the red.