ITC heads towards biggest daily fall in 5-1/2 years

Reuters Market Eye - India's biggest cigarette maker ITC slumps 7 pct, heads towards biggest single-day fall since May 2009.

India accepts panel recommendation on single-smoke ban.

Ban on loose cigarettes can impact ITC's volumes by about 10 pct - dealers say.

Other cigarette makers also slump: VST Industries falls 3.6 pct while Godfrey Philips India is down 10 pct.

(Reporting by Abhishek Vishnoi)