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Business & Stocks Economic Times Markets • Oct 08, 2026

ITC Shares Drop 3% on Block Deal Buzz: FMCG Giant Down 29% in 2026 With 39 Crore Shares Traded

💡 Key Takeaways

•ITC shares tumbled 3% on Thursday amid heavy market volumes driven by block deal buzz.
•Approximately 39 crore shares changed hands across both the NSE and BSE.
•The FMCG major's stock performance has declined by 29% over the course of 2026.

NEW DELHI [NCRBuzz Wire] — ### Market Impact and Trading Dynamics

**ITC shares witnessed a sharp 3% retracement on Thursday following heavy trading volumes triggered by speculative block deal buzz across major domestic bourses.** Approximately 39 crore equity shares changed hands across the NSE and BSE, indicating significant institutional rebalancing or stake dilution.

**The latest correction deepens the broader downward trajectory for the conglomerate, dragging its year-to-date performance down by 29% in 2026.** Market participants noted that the identities of the specific buyers and sellers executing these high-value block transactions were not immediately disclosed to the exchanges.

### Financial Metrics Breakdown

The following financial metrics summarize the recent market activity and performance indicators for ITC:

| Metric / Aspect | Details |

|---|---|

| Stock Price Movement | 3% decline in single-session trade |

| Total Shares Traded | ~39 crore shares across NSE and BSE |

| Year-to-Date Performance | Down 29% in 2026 |

| Primary Exchanges | NSE and BSE |

### Investor Outlook and Regulatory Oversight

**Analysts are closely monitoring the counter for further volume spikes and bulk deal disclosures mandated by SEBI regulations.** Institutional sentiment toward large-cap FMCG and tobacco conglomerates has remained volatile amid shifting macroeconomic factors and foreign portfolio investor outflows.

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🏛️ Background Context

Large-scale block deals on Indian bourses often signal strategic portfolio adjustments by institutional investors, mutual funds, or foreign portfolio investors (FPIs). ITC's heavy weightage in benchmark indices means that sharp price corrections or volume surges disproportionately impact broader market sentiment, particularly within the FMCG and tobacco segments.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What caused the sharp drop in ITC shares on Thursday?

ITC shares declined by 3% amid heavy trading volumes driven by reported block deals involving approximately 39 crore shares across the NSE and BSE.

Q2: Who were the buyers and sellers in the ITC block deals?

The specific identities of the buyers and sellers executing the massive block transactions were not immediately disclosed during the trading session.

Q3: What is ITC's stock performance trend for 2026?

The FMCG major's stock has faced persistent selling pressure, registering a decline of 29% over the course of 2026.

Verified Wires: Economic Times Markets Original Wire Dispatch ↗

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