Stock market today, Oct. 8 -- Amid news that FPI GQG Partners reduced its stake in the flagship Indian FMCG brand, ITC shares came under sell-off pressure during the Thursday session. ITC share price opened lower at Rs.264 and touched an intraday low of Rs.254.70 apiece on the NSE, losing around 4% against the previous close of Rs.265.70.

According to stock market experts, ITC shares are under selling pressure due to the FPI sell-off during the pre-market session. They said that noted FPI, GQG Partners, has offloaded its stake in the company worth around Rs.9,500 crore, which is dragging down the ITC share price today. However, they expected a trend reversal as there is nothing wrong with the company's fundamentals. They said the company...