Shares of diversified ITC, which is also the country's leading cigarette player, witnessed wild swings, before finally settling with a gain of 2.61 percent at Rs 361.45.
Mazhar Mohammad of Chartviewindia.in said there are neither sell signals nor weaknesses on the price chart and advised traders to lock in their profits by placing a stop loss below the 16,490 level and look for a modest target of 16,700.