The ITC hotel has been removed from BSE (Bombay Stock Exchange) indices, said reliable reports in this regard on Wednesday.
According to the official post of the BSE, "As ITCHOTELS did not hit the lower circuit by the cut-off time, the company will be dropped from all BSE indices effective before the opening of trading on Wednesday, February 5, 2025."
It is worth mentioning here that the ITC Hotels stock was listed on Indian stock exchanges on January 29.
The Indian stock market opened on a positive note on Wednesday, with both benchmark indices trading in the green as Trump tariff threat seen as a negotiating tools.
The Nifty 50 index began the session at 23,801.75, gaining 62.50 points (0.26 per cent), while the Sensex surged 120.79 points (0.15 per cent) to open at 78,704.60. Positive cues from select sectors and investor optimism helped lift the market at the opening bell.
Market experts highlighted concerns over global economic uncertainty, particularly regarding U.S. trade policies. Analysts noted that businesses and governments are closely studying the impact of Donald Trump's first presidency to assess the risks of a potential trade war.
Ajay Bagga Banking and Market Expert told ANI "US tariffs on China came into force on Tuesday. China has had a muted response. China is being restrained because it "has more to lose," due to its huge trade imbalance with the US".
He further added "We might be seeing two giants, sizing each up and testing each other's resolve, while also playing to their domestic audiences, before shaking hands, so both portray an eventual deal as a "victory".
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