Shares of Axis Bank also fell as much as 5.4 per cent, but recouped most of the losses to end just 0.2 per cent lower
In the past month, HUL shares have gained 5 per cent, while Nestle (India) has risen 1 per cent in a falling market
The move follows ITC temporarily stopping manufacture of cigarettes - its main revenue earner - as well as production of non essential items
With market capitalization of Rs 1.95-trillion, ITC stood at number 10th position in overall rankings, BSE data shows
The company said that the macro-economic environment continues to be adversely impacted as reflected in GDP growth, and persistent weakness in consumption demand and investments
ITC pointed to some measures as having helped it get over the muted demand in the markets
ITC has made steady progress in the FMCG space with relentless focus on quality and product differentiation
In past two weeks, the FMCG index has outperformed the market by surging 7% after private forecaster Skymet said monsoon in India is likely to be normal