Unwinding was also seen in select tech counters like Satyam Computers and Digital Equipments. Cement stocks were major gainers with Gujarat Ambuja gaining on news of the company allotting shares to investment firm Warbug at a price of Rs 225 per share. Institutions were seen buying in select FMCG and IT stocks, while traders were unwinding their positions. Telecom Cement stocks witnessed renewed buying. Gujarat Ambuja was up on the news of pref allotment to Warburg Pincus at Rs 225 per share.
Asian markets close weak.
The broad market also saw gains in the natural gas, airline and transportation sectors while sellers emerged in the brokerage, chemical, paper and drug segments. Within technology, gains in the chip and software sectors fueled the Nasdaq to close on the positive side. Indian issues closed mixed in the US markets. All rights Reserved. All rights reserved.