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ITC shares slid to a three-year low after a sharp two-day, 14% fall triggered by a steep cigarette tax hike, prompting multiple brokerage downgrades amid concerns that large price increases will be needed to offset the impact, risking volumes and earnings.
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Indian government bonds saw a slight dip early Friday. Traders are cautious due to upcoming debt sales and a large state borrowing schedule. New Delhi will sell benchmark 10-year bonds today. Indian states are expected to announce their borrowing plans for January to March. Investors anticipate a record quarterly supply. The Reserve Bank of India is injecting liquidity.
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Dividend-focused investors found several public sector stocks delivering attractive income in FY25, with yields calculated on the basis of December 31, 2025 closing prices and restricted to companies that have consistently paid dividends over the last three financial years (FY23FY25). Here's the list of top 10 dividend paying PSU stocks:
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