Chennai floods: Shares of auto, cement cos affected

Chennai floods: Shares of auto, cement cos affected

Heavy rain and flooding in Chennai had an adverse effect on the stock exchanges, as shares of companies with operations in the city saw a decline. Cement and oil-refining companies have also been adversely impacted by the heavy downpour in Chennai. Cement-manufacturer India Cements saw its share prices slump around 4 per cent, while Chennai Petroleum Corp shares traded nearly 2 per cent lower.

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