Highlights of the morning
Sensex hit a fresh record high; hits key milestone for the 7th time in 11 trading sessions.
Nifty hit its fresh milestone, surpassed earlier level of 11,171 and hit an intraday high of 11,179.40.
It has taken a total of 123 sessions for Nifty to be back at record high figure.
Jul 26, 11:37 AM (IST)
Buzzing: Shares of Ambuja Cements gained 7.6 percent as company posted strong numbers in the quarter ended June 2018.
The company's Q2 standalone profit rose 27.3 percent to Rs 499 crore and revenue increases 5.7 percent to Rs 3,016.9 crore.
The Competition Commission of India (CCI) had imposed a penalty of Rs 1163.91 crore on Ambuja Cements. On appeal by the company, the National Company Law Appellate Tribunal (NCLAT) in its order passed on Wednesday has upheld the said order.
The company is yet to receive the order of the NCLAT, it believes that on merits it has sufficient grounds for a successful appeal and intends to file the same with the Hon'ble Supreme Court, company said in release.
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