Reliance Industries to see upward revision in Sensex, Nifty weighting

The weighting of oil-to-telecom conglomerate Reliance Industries (RIL) is likely to increase in the benchmark S&P BSE Sensex from December 29 to result in additional inflows of $75 million, according to Edelweiss Alternative Research.

The stock’s weighting may rise by 0.68 percentage points (pp) to 12.5 per cent in the Sensex, from 11.8 per cent at present. Nifty indices may do a weighting rebalancing on December 30, leading to estimated inflows of about $170 million, according to the research firm. The total cumulative inflow for RIL in Sensex and Nifty is expected to be $245 million.

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