The sharemarket is still flat waiting for some positive trigger by December quarter corporate earnings. The Sensex is down 45.03 points at 27380.70 and the Nifty slips 8.35 points at 8291.05. About 1251 shares have advanced, 1052 shares declined, and 327 shares are unchanged.

Cement stocks continue to gain today. Sanjay Ladiwala, in an interview to CNBC-TV18, said cement price increases are seen with logistics rather than demand being the reason for the price hike.

Current capacity utilisation stands at 68 percent for Indian cement industry. HUL, BHEL, Bajaj Auto, and HDFC twins are top gainers in the Sensex. Among the losers are Sesa Sterlite, Hindalco, ITC, Tata Steel and GAIL.

Globally, Asian markets are mixed as oil continues to trade at multi year lows. Gold slips from 12-week highs.

Hindustan Unilever, which snapped six-day rally in previous session, resumed rally again. The stock gained 2.4 percent followed by BHEL and Bajaj Auto with 1-2 percent gain.

Coustery : – http://www.moneycontrol.com/news/local-markets/sensex-nifty-rangebound-cement-stocks-gain-gold-weak_1274164.html

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