UltraTech Cement acquired Jaypee Group's cement assets for Rs 16,189 crore. The deal gives UltraTech a total cement capacity of 17.2 MTPA across several states. In addition, UltraTech will pay Rs 470 crore more to complete a pending 4 MTPA cement grinding unit. Bajaj Auto reported a 4% decline in total sales in June to 3,16,969 units due to lower motorcycle and export sales. Technical indicators show the stock may decline further. The market is expected to be range-bound on weak global cues, but all eyes will be on the upcoming cabinet reshuffle in India.