Loose cigarettes ban on hold, Sensex gets a nicotine rush

December 04, 2014 10:25

The benchmark BSE Sensex staged a strong comeback by surging over 278 points and the NSE Nifty hit a new high of 8,626.95 in early trade today as shares of ITC led the rally on expectations that the proposal to ban sale of loose cigarettes is likely to be put on hold.

Among cigarette companies, ITC Ltd rallied by 3.98 per cent to Rs 377.45, Godfrey Phillips rose 6.57 per cent to Rs 627.55, Golden Tobacco by 4.02 per cent to Rs 37.55 and VST Industries rose 2.43 per cent to Rs 1,915.

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