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Sagar Cements., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2885.37 Crore) operating in Cement sector.

A total of 8,232 shares changed hands on the counter till 11:22AM (IST)

While earnings have seen a sharp improvement from the year-ago period in Q3, analysts believe that the pain on the inflation front is not fully done. Moreover, there are growing concerns over a global slowdown.

Options data suggests a broader trading range in between 17700 to 18300 zones while a shift in immediate trading range in between 17800 to 18100 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 145638.58 Crore) operating in Auto sector.

The Nifty IT index was trading 0.97 per cent up at 31355.7.

A total of 1,789 shares changed hands on the counter till 10:10AM (IST).

“Tax should not be aiding investment. Tax can only follow business. And if the business is about investment, tax can only follow it. It cannot run before the investment. That should be the idea here. It would take maybe a couple of years. The government is looking at easing the compliance burden for employers.”

Stock has come out of its consolidative range andsurpassed resistance zones with surge in volume.

From the Sensex pack, Wipro, Nestle and Bajaj Finance were among the top losers. Meanwhile, Eicher Motors, Hindustan Unilever, Power Grid, Bharti Airtel and UltraTech Cement were trading higher.