Ambuja Cements gained 4.6 percent and ACC was up 3.6 percent after sources told CNBC-TV18 that LafargeHolcim, the parent company of both enterprises, is mulling a merger of the two cement majors.
Apart from strong domestic fund flows, lack of alternative investments is driving the market higher according to Sanjay Mookim, Director, India Equity Strategy at Bank of America Merrill Lynch.
Note: Any changes made to your Portfolio today will be effective only in the next day's Networth mailer.
No comments:
Post a Comment