Stock Market today, Sept. 4 -- UltraTech Cement, Ambuja Cements, ACC Ltd, Shree Cement Ltd among other gained up to 3% during the intraday trades on Thursday following GST council meeting outcome. The GST slab being reduced on Cement while is positive, however analysts still are watchful on demand recovery and price improvement, which remains soft in seasonally weak quarter. Not surprising the UltraTech Cement, Ambuja Cements, ACC, Shree Cement stocks gave up majority of gains and were trading only with marginal gains by noon.

On Wednesday, the Goods and Services Tax (GST) Council, led by Finance Minister Nirmala Sitharaman, reduced the Goods and Services tax rate on cement from 28% to 18%. This rationalisation of cement taxation is look...