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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%,…
