India equity benchmarks flat; ITC tanks about 10%

ITC

01/01/2026 07:09

** Nifty 50 .NSEI up 0.01%, Sensex .BSESN down 0.02%

** ITC ITC.NS tanks about 10% after government levies new tax on cigarettes

** Godfrey Phillips India GDFR.NS and VST Industries VSTI.NS slide 18% and 5.3%, respectively

** This will be a clear negative as volumes will be impacted and concerns would also re-emerge on risk of losing some volumes to illicit industry, says Jefferies

** ITC pulls Nifty FMCG index .NIFTYFMCG down 3.5%

** Of the 15 other major sectors, ten rise; small-caps .NIFSMCP100 down 0.2%, while mid-caps .NIFMDCP100 up 0.2%

** Auto .NIFTYYAUTO stocks rise 0.7% as companies report December sales data

 (Reporting by Vivek Kumar M)

 ((vivekkumar.m@thomsonreuters.com))