Street Signs: Cement back in vogue, brokerages go slow on ads, and more

The domestic broking industry has seen a sharp decline in new account openings in the past two months

Investor interest in cement stocks cast in concrete

Cement stocks are catching investor eye amid hopes of improved demand and fall in oil prices. Brent crude hit a six-month low last week. Crude prices have a bearing on major raw materials in the cement sector. Analysts said a recent correction in other key raw material prices should start easing cost pressures from the third quarter of this financial year (2022-23). Moreover, a pick-up in monsoon bodes well for demand in the medium term. UltraTech, JK Cement, Dalmia Cement, Birla Corporation, and JK Lakshmi Cement are likely to gain.

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