ITC, Godfrey Phillips, and VST Industries shares are poised for gains as excise duties on cigarettes remain unchanged in the 2025-26 Union Budget. ITC’s shares boosted by personal tax cuts and a stable tax environment. Analysts maintain a positive outlook for ITC, expecting earnings visibility and moderate tax pressure.
RBI seeking to curb yields buys bonds at a premium
The Reserve Bank of India purchased bonds at higher prices than the market on Monday. This move aimed to control bond yields during a period