Latest Updates Around The World
Indian stock markets closed sharply lower on Thursday after ongoing tensions between the US and Iran triggered broad selling. The benchmark indices broke their three-session winning streak, pressured by losses in auto, financial, IT and consumer stocks. The Nifty fell 365 points, or 1.41%, to settle at 25,454.35, while the 30-share BSE Sensex ended at […]
Indian benchmark indices closed higher on buying interest in consumer and private banking stocks, although gains were limited by selling pressure in auto, IT and pharmaceutical names. While Nifty ended at 25,693.70, up 50.90 points or 0.20%, the BSE Sensex advanced 266.47 points or 0.32% to 83,580.40.Meanwhile, the volatility gauge India VIX ended at 11.94, […]
The Indian market ended higher on Monday, with the Sensex and Nifty recouping some of the losses recorded during Sunday’s special session, as investors digested the impact of the federal budget on markets and capital flows. The recovery came despite proposals to increase transaction taxes on derivatives and the absence of new measures aimed at […]
India’s largest institutional investor Life Insurance of India (LIC) has lost Rs 10,445 crore in just two days on its investment in blue-chip stock ITC, which plunged 14% after the government announced a revised excise duty structure on cigarettes.LIC’s stake in ITC stood at 15.86% (199 crore shares) at the end of the September quarter. […]
Indian shares ended the first trading session of the year on Thursday with the Sensex closing marginally lower and the Nifty closing modestly higher as gains in IT heavyweights offset losses caused by a decline in the ITC after the government announced a new tax on cigarettes.The BSE Sensex fell 32 points, or 0.04%, to […]
Shares of India’s largest cigarette maker ITC suffered the steepest one-day decline in almost six years on Thursday, with shares plunging 10% and wiping out more than Rs 50,000 crore in market capitalization after the Finance Ministry imposed a steep new tax on cigarettes late on Wednesday.The stock tumbled to a fresh 52-week low of […]
The Finance Ministry’s announcement on the sharp increase in cigarette duties is “clearly negative” for ITC in the short term, Jefferies warned. This signals a significant hit to volumes and profits, even as the company remains positive on the stock.Jefferies describes this move as “a meaningful negative surprise for the legal cigarette industry,” estimating that […]
Shares of tobacco stocks such as ITC and Godfrey Phillips fell as much as 19% on Thursday morning after the Treasury Department notified February 1 as the effective date for imposing additional duties on tobacco products. ITC shares fell 10% to an intraday low of Rs 362.7, while Godfrey Phillips fell 19.2% to Rs 2,230.15 […]
Equity benchmarks Nifty and Sensex started 2026 on a strong footing, posting gains for the second straight session, driven by sharp rallies in auto, banking and IT stocks even as steep declines in major FMCG names capped the upside.At around 9:45 am, the BSE Sensex rose 220 points, or 0.26%, to open at 85,444, while […]
While the GST reforms of India are praised as a catalyst to stimulate growth and reward investors of shares, not all shares have emerged as winners. The GST on coal was raised to 18% compared to the earlier 5%, with the influence of assets. On Thursday, Coal India remained flat, while NLC India, Tata Power […]
