M&M Financial, Kajaria Ceramics, Dalmia Bharat and Relaxo Footwears may log a drop in year-on-year (YoY) profit in Q2 while Redington India may post flattish bottom line
Sensex, Nifty Live; Share Market news: Sensex and Nifty traded lower on Wednesday during afternoon deals, after gaining for four straight sessions, ahead of the US Federal Reserve's policy outcome later in the day. Market participants widely expect the Fed to raise its benchmark overnight interest rate by 75 basis points (bps) to a range of 3.75 per cent to 4 per cent, the fourth such hike in a row.
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The American firm Apple announces its intention to diversify its production sites to be less dependent on China. And it is India that should be chosen to host the production of the future.