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UltraTech Cement, Hindustan Unilever, Asian Paints, Sun Pharma, ITC and Axis Bank were among the gainers. 

The Indian stock markets key indices, Sensex and Nifty, were witnessing volatile trading with a positive bias on Monday as losses in infra and IT stocks were offset by gains in banking and auto scrips.

Ambuja Cements share price rose 3.89 per cent, ACC LTD share price gained 6.31 per cent.

ACC stock closed 3.70 per cent higher at Rs 2,192 against the previous close of Rs 2113.70 on BSE. Market cap of the firm rose to Rs 41,162 crore.

Snapping six consecutive sessions of losing run, the Indian stock markets key indices, Sensex and Nifty, closed in the positive on Monday led by good buying support in power, banking and financial stocks.

Ambuja Cements, ACC shares surge on $10.5 bn Adani-Holcim deal

Shares of ACC Ltd and Ambuja Cements gained up to 8 per cent today after the Adani Group won the race to acquire India business of Swiss firm Holcim for $10.5 billion (Rs 81,361 crore). Holcim holds 63.19 per cent stake in Ambuja Cements and 4.48 per cent in ACC. Ambuja Cements, in turn, owns 50.05 per cent in ACC.

The share price of Ambuja Cements and ACC surged on Monday after Adani Group won the race to acquire a...

Sensex rose 180.22 points or 0.34 per cent to end at 52,973.84. During the day, it zoomed 634.66 points or 1.20 per cent to 53,428.28. Nifty gained 60.15 points or 0.38 per cent to settle at 15,842.30, logging its first gain in seven sessions.

Get latest articles and stories on Business at LatestLY. The share price of Ambuja Cements and ACC surged on Monday after Adani Group won the race to acquire a controlling stake in these companies from Switzerland-based Holcim for $10.5 billion. Business News | Ambuja Cements, ACC Shares Surge on $10.5 Billion Adani-Holcim Deal.