A sharp excise duty hike on cigarettes is set to pressure cigarette stocks in the near term, while autos, banks and select metals offer better risk-reward for 2026, says Nischal Maheshwari. Price hikes, consumer downtrading and sector rotation could drive market moves as GST cuts, rate easing and consolidation reshape key sectors.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets