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Tuesday, 4 July 2017

During the morning trade on Tuesday ITC Limited, FMCG heavyweight has slipped into negative territory while the stock open interest has increased by 2.54% and share price is down by over 1% witnessing a short built up position to get built in the ITC.

For the month of June, NSE data says ITC Ltd is the second top stock in Nifty by wattage and had a weighs 7.65% on Nifty. NSE on Monday, ITC had a jolly ride on the bars as the percentage of deliverable quantity to traded quality stood at 62.28%.

ITC downfall has dragged major indices in the market from their day’s high. Saxon was marginally up by 10 points at 31,353 and Nifty was trading almost flat at 9,615 levels, both touched high of 9,650 and 31,353 levels as of on Tuesday.

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