Infosys becomes most influential stock in Sensex, Nifty; pips ITC
Mumbai: IT major Infosys on Thursday regained its status as Indian stock market's most influential stock in key benchmarks, pushing FMCG giant ITC to the second position.
At close of trade today, Infosys commanded a weight of 8.67 percent at the 50-share Nifty, while ITC had 8.66 percent weight.
As per BSE website, Infosys is now the top holding in 30-share S&P BSE Sensex, followed by ITC.
Shares of Infosys ended 0.38 percent higher at Rs 3,724.70, while ITC was down 0.81 percent at the BSE.
Infosys has held the most influential status during various periods in the past. It was toppled by ITC and RIL thereafter.
Weight of a stock is measured by the value of a company's free-float or non-promoter shares that can be freely traded in the market.
Infosys stock rallied 8.63 percent in the past six sessions. The stock touched its 52-week high of Rs 3,737 today.
The country's second-largest software services firm Infosys recently posted a 21.4 percent rise in net profit and raised its revenue growth outlook for this financial year.
Others in the top five are Reliance Industries Ltd, Tata Consultancy Services and Housing Development Finance Corp.
In terms of market capitalisation, TCS is the most valued company with a valuation of Rs 4,60,565 crore, followed by RIL (Rs 2,86,036 crore), ITC (Rs 2,58,459 crore), ONGC (Rs 2,45,542 crore) and Infosys (Rs 2,13,885 crore).