Budget 2025: ITC a winner, re-rating play, analysts say, as Cigarette tax concerns ease

ITC is well placed for sustainable growth with strong business fundamentals, Morgan Stanley said, calling it a “re-rating play.”

ITC is well placed for sustainable growth with strong business fundamentals, Morgan Stanley said, calling it a “re-rating play.”

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session higher. Nifty 50 closed at 23,482.15, while Sensex ended at 77,505.96.

West Texas Intermediate, the US benchmark, rose as much as 3.7% to $75.18 a barrel, while Brent crude’s gains were less pronounced, to near $76.

Brokerage firm Elara Securities wrote in a note that auto component exports from India to Mexico form 3% of the total exports of $21.2 billion, amounting to $656 million.

The yields on US Treasuries gained while stock futures slumped, and an index of Asia-Pacific shares also dropped in response to the punitive measures taken against some of America’s biggest trading partners. The Canadian dollar sank to its weakest since…

Behind the rally in the dollar is the bet that tariffs will fuel inflationary pressures and keep US interest rates elevated, while also hurting foreign economies more than the US and adding to the greenback’s safe-haven lure. Foreign currencies get…

The AP government in a communication said New & Renewable Energy Development Corporation (NREDCAP) will facilitate for successful execution of proposed solar park project.

The Nasdaq Golden Dragon Index fell 3.5% on Friday, marking its worst day in seven weeks.

The Nifty has witnessed a roller-coaster ride during the Budget session. According to analysts, the index has support at 23,280, and as long as it remains above this level, the trend might stay positive.

The Bengaluru-based IT company has signed definitive agreements to acquire 100% business interest in InnovazIT Technologies LLC, Dubai; Gavs Technologies LLC, Oman; and Gavs Technologies Saudi Arabia for Telecommunications and Information Technology, Saudi Arabia.