The 30-share barometer declined 210.46 points, or 0.81 per cent, to 25,563.15, with auto, banking, IT, FMCG, metal and realty sector stocks leading the fall.
Major exchanges in the country include BSE and NSE, both of which have their own clearing corporations.
Trading sentiment was also positive ahead of the release of key macroeconomic data — industrial production (IIP) for March and consumer price index (CPI) for April.
The April figures are of second lowest value of corporate debt transactions recorded for a month after Rs 82,142.24 crore reported in February.
At NSE, the stock debuted at Rs 231.90, rising by 10.42 per cent.
Firm trend in regional markets led by Japan after yen sank to its lowest-level in two weeks against the dollar and better inflation data from China also helped. Europe was higher on solid corporate earnings.
BSE Sensex fell by 34.71 points, or 0.13 per cent, to 25,654.15 in early trade.
ITC manufactures a range of brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur, Kolkata and Pune.
According to sources, the exchange plans to file IPO papers with Sebi in July to mop-up around Rs 800 crore.
The 30-share barometer dropped by 160.09 points, or 0.63 per cent, to 25,102.12, with all sectoral indices led by FMCG, metal, IT and auto stocks leading the fall with losses up to 1.08 per cent.
The 30-share Sensex after opening higher at 25,187.66 advanced to hit the day’s high of 25,394.10.
Earlier in the day, market benchmark BSE Sensex fell for a third session in a row as it slumped by about 104 points.
Big losers that dragged down the indices were Adani Ports, Tata Motors, ICICI Bank, Dr Reddy’s, Bharti Airtel, Coal India, Lupin, Wipro, Tata Steel, Axis Bank and TCS.
The 30-share index was trading higher by 166.41 points or 0.65 per cent to 25,603.38 with all the sectoral indices led by auto and capital goods leading the recovery.
Weakness in dollar against some other currencies overseas and a higher opening in the domestic equity market supported the rupee, forex traders said.