ITC Shares Dip Below ₹405, Down Nearly 2% in Morning NSE Trade

Shares of ITC Ltd, the diversified conglomerate, experienced a notable decline during morning trading on the National Stock Exchange (NSE) today, April 7th. The heavyweight stock faced selling pressure after the market commenced operations.

As observed around 10:53 AM IST, ITC shares (ticker: ITC) were trading lower at ₹402.40. This marked an intraday fall of 1.78%, translating to a decrease of ₹7.30 per share from its previous closing price of ₹409.70 on the NSE.

The 1-day trading chart for ITC reveals a sharp initial drop at the market open, breaching the ₹400 level before recovering slightly. However, the stock continued to trade with volatility, remaining significantly below its prior closing mark.

ITC Ltd, a major player with interests spanning FMCG, hotels, paperboards, and agribusiness, is a key component of benchmark indices. Its share price movement is closely monitored by investors tracking the Indian stock market and the FMCG sector. The early decline has drawn attention, with market participants observing the stock’s performance throughout the session.