Mukesh Ambani’s Reliance Industries Ltd on Thursday regained its position as the Indian stock market’s most weighty company, pushing newly-crowned Infosys to second place, on the Bombay Stock Exchange (BSE).
However, Infosys retains its recent first position on the National Stock Exchange (NSE).
At the end of on Thursday’s trade, RIL’s weightage on the BSE benchmark, Sensex, was 10.39 per cent, higher than Infosys’ 10.21 per cent. IT giant Infosys had toppled RIL from the top position three days before, but could not retain its lead on the retail-to-energy conglomerate.
RIL has had the largest weight on the 30-share Sensex for many years and the movement in its share price has been crucial for any major fall or rise in this index. Sensex weightage is measured by the market value of a company’s free-float or non-promoter shares that can be freely traded in the market. On Monday, Infosys commanded a Sensex weightage of 10.25 per cent, higher than RIL’s 10.08 per cent.
Similarly, at the NSE’s Nifty index, another barometer of the stock market, Infosys was the top-ranked stock with a weightage of 9.13 per cent, followed by RIL’s 8.48 per cent as on Monday. Infosys continues to retain its lead over RIL on the 50-share Nifty index. At the end of on Thursday’s trade, Infosys’ weightage was 9.08 per cent, followed by RIL at 8.78 per cent.
