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Ambuja Cements, now part of the Adani Group, on Friday reported a fall of 94.24 per cent in its consolidated net profit for the September quarter.

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ACC rose 4.77% to Rs 1655 while Ambuja Cements jumped 6.24% to Rs 252.15. Meanwhile, the S&P BSE Sensex rose 395.42 points or 0.85% to 46,839.60. In separate regulatory filings made after market hours yesterday, ACC and Ambuja Cements said that their respective boards had approved the renewal of the existing technology and know-how agreement (TKH agreement) with Holcim Technology (HTL) under which they pay TKH fees at 1% of net sales each year, to HTL, for a period of 2 years with effect from 1 January 2021, i.e., on the same terms of the existing TKH Agreement. HTL held 4.48% stake in ACC...

Benchmark indices were trading at day's high with decent gains in morning trade. The Nifty scaled the 13,700 mark and edged higher. Barring IT index, all the sectoral indices on the NSE were in the green. At 10:30 IST, the barometer index, the S&P BSE Sensex, rallied 415.79 points or 0.9% at 46,859.64. The Nifty 50 index added 124.75 points or 0.92% at 13,725.15. In broader market, the S&P BSE Mid-Cap index was up 0.7% while the S&P BSE Small-Cap index was up 1.09%. The market breadth, indicating the overall health of the market, was strong. On the BSE, 1805 shares rose and 614 shares fell. ...

Read more about Sensex rallies 529 pts, Nifty closes near 13,750 on Business Standard. Domestic indices ended with robust gains on Thursday, extending their winning run to third consecutive session. The Nifty scaled 13,700 mark and managed to close near the 13,750 level. Banks and financials stocks rallied while IT shares corrected.