Infy becomes second most influential stock in Sensex; pips RIL
Mumbai: Infosys on Monday overtook Reliance Industries to become the second most influential stock on BSE benchmark Sensex after its shares surged by 1.52 percent.
At close today, Infosys commanded 9.15 percent weight on the 30-share Sensex, while RIL had 8.72 percent weight.
Shares of Infosys ended 1.52 percent higher at Rs 3,323.50 apiece, while RIL was up 0.84 percent at Rs 870.25.
Diversified group ITC Ltd continues to have the biggest weight of 10.62 percent on the Sensex.
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 counter rallied by more than six percent in the past three trading sessions. The stock had touched its 52-week high of Rs 3,360 on October 11 after the IT giant had posted strong quarterly earnings and also revised its US dollar revenue guidance upwards to 9-10 percent for the 2013-14 fiscal.
Among others in the top five, software major TCS's weight stood at 7.34 percent and private sector lender HDFC Bank's at 7.20 percent.
In terms of market capitalisation, TCS is the most valued company with a valuation of Rs 4,33,455 crore, followed by RIL (Rs 2,81,146 crore), ITC (Rs 2,68,883 crore), ONGC (Rs 2,35,575 crore) and Infosys (Rs 1,90,847 crore).