BSE 500: These cement stocks surge as the sector consolidates

Know which cement stocks witnessed a strong rally in today’s session.

Amid nervous global clues on the impending Fed Rate hike this week, Sensex closed at 59,141.23, up by 0.5 per cent or 300 points, while the Nifty index closed at 17,622.25 with a gain of 0.5 per cent or 91 points. 

Ambuja Cement and India Cements witnessed positive action in today’s session.  

Ambuja Cement gained 9.32 per cent in today’s session to close at Rs 564.40. Ambuja Cements and its subsidiary ACC Ltd were purchased for $6.4 billion on Friday from the Holcim Group in Switzerland by Adani Group. Adani is now India's second-largest cement operator after UltraTech Cement of the Aditya Birla Group following the acquisition. Intraday high and low registered by the shares of Ambuja Cement were at Rs 572.25 and Rs 514.55, respectively 

Shares of The India Cements Ltd zoomed nearly 10 per cent in intra-day trades to touch a new 52-week high at Rs 292.50. The shares of India Cements have been witnessing positive momentum since the last few sessions hitting a 52-week high on September 16 at Rs 283.25. The stock closed at Rs 289.90 with a gain of 9.01 per cent