Sensex sinks 364 pts, ITC crashes 13 per cent
July 18, 2017  16:21
Benchmark Sensex today slipped from life highs to end sharply lower at 31,710.99 by falling 364 points following a steep plunge in ITC Ltd stocks after the GST Council yesterday hiked tax on cigarettes. Besides, the broader Nifty also cracked below the 9,900- mark. Sentiment was hurt after the GST Council raised the tax on cigarettes to take away an estimated Rs 5,000 crore annual "windfall" manufacturers could have reaped from lower GST rates.
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