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ITC closed +0.32% at ₹315.70, logging only a modest gain even as broader indices cheered the India–US tariff reset. Staples underperformed on weak near-term consumption/margin visibility, and ITC remains weighed by recent cigarette excise hikes that have triggered broker downgrades and pressured volumes.
Net: exporters and cyclicals led the pop; large-cap FMCG, and ITC in particular, saw only a muted follow-through despite the improved trade backdrop.
