Money on the markets
A maturing market amid the mayhem
ACC shares clocked a second day of gains on Wednesday, closing 3 percent up to top the list of Sensex gainers.
On Tuesday, cement manufacturers had closed higher on hopes of better dispatches post monsoon and product price hikes in the near term, dealers had said.
However on Wednesday, some profit booking was seen in other cement counters like India Cements and Grasim Industries.
Shares in ACC, which closed at 991 rupees, have gained 13 percent so far in September.
The Sensex closed at 15,411 after recovering over 150 points from the day’s low. The index was led lower by losses in Infosys, ONGC and SBI.
The BSE Sensex closed 0.74 percent lower on Wednesday as weak Asian markets dampened sentiments and investors booked profits for a third session.