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Source: Live Mint The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though it’s a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the…
Source: Live Mint Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, experienced losses on Friday, marking the third consecutive week of declines amid rising worries about slowing corporate earnings. The Nifty 50 closed down 0.49% at 23,092.2, while the Sensex dropped 0.43% to settle at 76,190.46. Throughout the trading session, both indices…
Source: Live Mint 2025 Market Outlook: Brokerage house B&K has outlined its market outlook for 2025, highlighting the challenges and opportunities as investors navigate through a period marked by macroeconomic uncertainty and a shifting global landscape. The brokerage noted that the second half of 2024 was particularly challenging, and the earlier part of 2025 may…
Source: Live Mint The Indian stock market traded lower on Friday, with both the benchmark indices Sensex and Nifty 50 falling over half a percent each, dragged by profit booking after a sharp rally in the previous session. Selling was seen in IT, pharma, private banks and auto stocks, while metals, PSU banks and realty…
Source: Live Mint New Delhi, Shares of India Cements ended 8 per cent higher on Monday after the Competition Commission of India cleared billionaire Kumar Mangalam Birla-promoted UltraTech Cement’s proposal to acquire a majority stake in the firm. The stock soared 8.01 per cent to close at ₹366.15 on the BSE. During the day, it…
Source: Live Mint As the cement sector struggles with muted prices, some firms may feel more heat than others. A case in point here is Dalmia Bharat Ltd. Its two core markets– east and south–are poised to see increased pricing pressure. A spree of capacity additions in the east by various cement companies would lead…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vedanta: Vedanta is set to invest $2 billion in Saudi Arabia to establish copper-processing facilities, aligning with the kingdom’s goal to become a global mining and metals hub. The investment will fund a smelter and refinery with an…
Source: Live Mint For a second consecutive month, cement prices have inched higher in October. While the increase is marginal, it does offer some relief to investors as weak price trends lately have been hurting the sector’s realization outlook. After all, cement prices hit a three-year low in the September quarter (the financial second quarter…
Source: Live Mint Q2 Earnings Preview: Motilal Oswal Financial Services (MOSL) noted that the past two financial years saw a dynamic interplay between revenue and earnings growth, largely influenced by global macroeconomic factors. In FY23, the MOFSL Universe faced a significant margin squeeze due to rising commodity prices, driven by the Russia-Ukraine war. Despite a…
Source: Live Mint Indian stock market indices, Sensex and Nifty 50, have been hitting record highs led by positive momentum in the global equities that gathered pace after the US Federal Reserve’s outsized interest rate cut last week. On Thursday, the Sensex hit a fresh record high of 85,930.43 before closing 666.25 points, or 0.78%,…
