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The price of ITC shares plummeted today, falling by about 10% in a single trading session. Many retail investors have taken notice of this abrupt decline, particularly since ITC is often seen as a reliable FMCG and dividend-paying investment. The primary cause of today's decline is a recent government ruling on cigarette taxes, which has an immediate impact on ITC's primary source of revenue. What led to today's decline in ITC stock?  A new cigarette excise tax has been announced by the Indian government and will take effect on February 1, 2026. In addition to the current GST, which is already nearly 40% on cigarettes, this excise fee will be assessed every 1,000 cigarette sticks. According to the notification, depending on the length of the cigarette, the excise duty varies from approximately ₹2,050 to ₹8,500 per 1,000 sticks. The total tax burden on cigarette makers is greatly increased as a result. This is on top of the 40% GST. The market responded poorly to this revela...

Due to persistent foreign capital outflows and muted signals from international equity markets, both benchmarks fell in early trading this morning. Amidst significant volatility, the Indian stock markets ended trading on Tuesday. The NSE Nifty50 completed the day at 25,970, down 28 points, while the BSE Sensex concluded the session little over 20 points lower at 84,675. M&M, Tata Steel, Bajaj Finserv, Axis Bank, and Adani Ports were among the winners on the 30-share Sensex. Eternal, Infosys, Asian Paints, UltraTech Cement, and Bajaj Finance were among the laggards. All of the indices in the larger markets saw red trading. The Nifty Midcap Select index saw a 0.37 percent decline. The Midsmall IT & Telecom and Realty indices, which down 0.92 percent and 0.84 percent, respectively, led the sectoral losses. However, following increases of 2.03% and 1.69%, respectively, the Metal and PSU Bank indexes dominated in green. Due to persistent outflows of foreign funds and muted signals f...