The market continues to hold on to its gains. The Sensex is at 19286, up 283 points while Nifty is at 5740, up 105 points from the previous close. The market breadth is positive with advances at 811 against declines of 366 on the NSE.

GAIL has capex plans of Rs 30,000 crore over the next 5 years, says Dr UD Choubey, CMD of the company. GAIL has entered into an MoU with RIL and ONGC for gas transfer. The company expects a turnover of Rs 5000 crore from Panna, Mukta and Tapti fiels, he adds. The stock is currently trading at Rs 427, up 2.1% on the BSE.

Cement price hike is likely as post monsoon demand for cement goes up, reports NDTV Profit. Cement prices are likely to be raised to Rs 5/bag. The BSE Realty Index is up 3.24%. India Cements is up 4.5%, trading at Rs 295 and Prism Cement is up 0.3%, at Rs 60 on the BSE.