Stock market update: Cement stocks tumble; Sanghi Industries dives 5%

NEW DELHI: Most of the cement stocks were trading with losses in Friday's session.

Shares of Sanghi Industries (down 5.60 per cent), Mangalam Cement (down 5.04 per cent), Kakatiya Cements Sugar & Industries (down 4.99 per cent), Sagar Cements (down 4.90 per cent) and Prism Johnson (down 4.64 per cent) were among the top losers.

India Cements (down 4.30 per cent), Andhra Cements (down 4.15 per cent), J K Cements (down 3.98 per cent), Deccan Cements (down 3.62 per cent) and KCP (down 3.39 per cent) too were in the red.


While Burnpur Cement (up 3.00 per cent) was the only gainer.

The NSE Nifty50 index was trading 377.10 points down at 10,891.9, while the 30share BSE Sensex was down 1,238.02 points at 37,232.59 at around 11:16 am.

IndusInd Bank (down 8.29 per cent), Tata Steel (down 6.66 per cent), Bajaj Finance (down 6.4 per cent), State Bank of India (down 6.16 per cent) and ICICI Bank (down 4.64 per cent) were trading in the red.