Steel companies may shine on core data

Shares of steel companies may remain positive but cement, coal and electricity are likely to come under pressure following announcement of core industries’ growth numbers on Monday. Cement production declined 5.8 per cent while coal output plunged 6.7 per cent in the month of June over the year-ago period. Shares of ACC, UltraTech, India Cements, and Coal India could come under pressure, while SAIL, and Tata Steel may shine on the bourses.