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ITC heads towards biggest daily fall in 5-1/2 years

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Reuters

Reuters Market Eye - India's biggest cigarette maker ITC slumps 7 pct, heads towards biggest single-day fall since May 2009.

India accepts panel recommendation on single-smoke ban.

Ban on loose cigarettes can impact ITC's volumes by about 10 pct - dealers say.

Other cigarette makers also slump: VST Industries falls 3.6 pct while Godfrey Philips India is down 10 pct.

(Reporting by Abhishek Vishnoi)

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First Published: Nov 25 2014 | 3:32 PM IST

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