IT major Infosys Monday toppled Reliance Industries as Sensex's most influential scrip for the second time in less than two weeks.
Mumbai: IT major Infosys Monday toppled Reliance Industries as Sensex's most influential scrip for the second time in less than two weeks.
Measured in terms of its weightage on the key index of Indian stock market, the Sensex, Reliance Industries Ltd (RIL) had been consistently enjoying its position as the most influential stock for many years till early December 2011.
RIL had slipped below Infosys on many occasions for brief periods during December 2011, but has remained on the top since the beginning of this year.
At the end of today's trade, RIL again slipped to the second position after Infosys in terms of Sensex weightage, which is measured by the value of a company's free-float or non-promoter shares that can be freely traded in the market.
By the end of today's trade, Infosys was the top-weight Sensex stock with a weightage of 9.55 percent, as against RIL's 9.39 percent.
The weightage of a stock changes daily as per the change in the market value of their shares.
RIL, however, remains bigger than Infosys in terms of the overall market value, including the value of promoter shares.
The total market value of RIL stood at Rs 2,47,195 crore as on today, as against Infosys' Rs 1,62,679 crore.
RIL is the country's most valued firm, followed by ONGC, TCS, Coal India and ITC in the top-five club.