Indian shares eked out modest gains in early trade on Friday as weaker U.S. growth data sent the dollar and bond yields tumbling and revived hopes for rate cuts by the Federal Reserve later this year.
UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK.
UltraTech Cement offers to acquire 31.6% stake in RAKWCT worldconstructionnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldconstructionnetwork.com Daily Mail and Mail on Sunday newspapers.
UltraTech's consolidation was characterized by a lower high pattern on a weekly basis and despite which the stock managed to remain well above its 200-DEMA on the daily timeframe, said SMC Global.