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ACC begins cement production at Sindri facility


ACC announced the successful commissioning of its new Grinding Unit (GU) at Sindri in the State of Jharkhand effective January 2, 2021.
The new facility will add an additional capacity of 1.4 MTPA cement to the existing 3 MTPA unit, taking the total capacity at Sindri to 4.4 MTPA.
The foundation stone of Sindri GU - phase II was laid in December 2019 with an aim to contribute significantly to servicing the growing market, strengthen presence in the Eastern region and add value to business. This facility will manufacture low CO2, environment friendly, cement products, ACC said.
The announcement was made after market hours yesterday, 5 January 2021. Shares of ACC rose 0.33% to settle at Rs 1,644.75 yesterday. ....

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Nifty slips below 14,200 mark; European shares open in green

Read more about Nifty slips below 14,200 mark; European shares open in green on Business Standard. The equity benchmarks extended losses and hit fresh intraday low in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, dropped 125.38 points or 0.26% at 48,312.40. The Nifty 50 index slipped 15.60 points or 0.11% at 14,183.90. ....

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HDFC Bank, ACC, BEML to be watched


HDFC Bank s advances aggregated to approximately Rs 10,820 billion as of December 31, 2020, a growth of around 16% as compared to Rs 9,360 billion as of December 31, 2019 and a growth of around 4% as compared to Rs 10,383 billion as of September 30, 2020. The bank s deposits aggregated to approximately Rs 12,710 billion as of December 31, 2020, a growth of around 19% as compared to Rs 10,674 billion as of December 31, 2019 and a growth of around 3% as compared to Rs 12,293 billion as of September 30, 2020.
ACC announced the successful commissioning of its new Grinding Unit (GU) at Sindri in the State of Jharkhand effective 2 January 2021. The new facility will add an additional capacity of 1.4 MTPA cement to the existing 3.0 MTPA unit, taking the total capacity at Sindri to 4.4 MTPA. ....

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Indices retreat after hitting record high


Key benchmark indices are trading near flat line amid volatility after scaling record high in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 6.57 points or 0.01% at 48,444.35. The Nifty 50 index was down 2.55 points or 0.02% at 14,196.95.
The S&P BSE Mid-Cap index was up 0.29%. The S&P BSE Small-Cap index was up 0.48%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1469 shares rose and 686 shares fell. A total of 98 shares were unchanged.
The Union Budget for 2021-2022 will be presented on February 1 and President Ram Nath Kovind will address a joint sitting of both the Houses of Parliament on January 29. ....

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Sensex, Nifty correct on profit selling; ITC, RIL drag


The BSE Sensex ended with modest losses on Wednesday, snapping its ten-day rising streak. The Nifty closed below the 14,200 mark. Buying was seen in metal, realty and banks stocks while FMCG and IT shares tumbled.
The barometer index, the S&P BSE Sensex, dropped 263.72 points or 0.54% at 48,174.06. The Nifty 50 index slipped 53.25 points or 0.38% at 14,146.25.
ITC (down 2.86%), Reliance Industries (down 2.64%), TCS (down 1.27%), Infosys (down 0.92%) and Hindustan Unilever (down 1.34%) dragged.
Profit selling emerged after the Sensex hit a record high of 48,616.66 while the Nifty hit a fresh all time high of 14,244.15 in early trade today. The Sensex jumped 6.33% in the past ten trading sessions. ....

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