The BSE Sensex slipped 32 points, or 0.04%, to close at 85,188.60, while the NSE Nifty 50 edged up 17 points, or 0.06%, to settle at 26,146.55, hovering comfortably above the 26,100 mark.Read More
Nuvama cut ITC’s target price to Rs 415 and downgraded the stock to hold after the government announced a sharper-than-expected hike in cigarette taxes. The brokerage expects price hikes to hurt volumes and EBITDA from FY27, prompting earnings downgrades. However, strong cash flows, a high dividend payout and growth in non-tobacco businesses offer downside support.Read More
The Indian rupee welcomed 2026 with a marginal decline, weighed down by dollar demand from corporates, while thin volumes in the first trading of the New Year curbed any major movements, according to traders.Read More
ITC shares fell sharply on Thursday, erasing over Rs 50,000 crore in market value after a steep new cigarette tax spooked investors. The excise hike—on top of GST—may force price increases of 15% or more, raising risks of volume loss and a shift toward illicit trade, analysts warned.Read More
Vedanta has slipped to seventh place in India’s dividend yield rankings, with smallcap Multibase India taking the top spot at a staggering 24.8%, followed by Allcargo Logistics and Premco Global. SBI Securities’ latest review highlights a major shake-up driven by sharp price moves and shifting payout trends across companies.Read More
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