Chennai: Amidst reports of Adani Group exploring more acquisitions in the cement sector, ICRA foresees further consolidation in the sector with top five companies cornering 55 per cent share by next.
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI.
Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said.
Retail inflation
India Business News: MUMBAI: The Gautam Adani family owned Ambuja Cements is buying Penna Cement Industries in a deal valued at Rs 10,442 crore including debt, expanding i.
In the first reaction of the bourses to the exit polls predicting a landslide win for the BJP-led NDA, benchmark Sensex and Nifty zoomed more than 3 per.
Stock Market Live Updates: Share Market Set To Open High As Vote Count Begins For Lok Sabha Elections news18.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news18.com Daily Mail and Mail on Sunday newspapers.