ITC becomes most influential stock in Sensex

Tags: Companies
Diversified group ITC today surpassed Reliance Industries as the most influential stock on the Sensex, following a spurt in the stock price.

At the end of trade today, ITC commanded 9.69 per cent weight in the BSE 30-share index, Sensex, while RIL had 9.61 per cent weight, followed by Infosys (8.06 per cent).

Shares of ITC ended with a gain of 1.64 per cent, while RIL was down 0.98 per cent on the BSE, in an overall weak stock market.

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.

ITC had first replaced RIL as the most influential stock on Indian bourses on April 17 last year, but the very next day the energy major regained the status.

RIL, however, remains the country's most valued company in terms of market capitalisation. The energy major commands a market value of Rs 2,95,840 crore.

ONGC is the second most value company with a m-cap of Rs 2,87,721 crore, followed by TCS (Rs 2,59,478 crore), ITC (Rs 2,34,300 crore) and Coal India (Rs 2,17,093 crore).

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Time for banks to pass on RBI rate cuts to stakeholders of the economy

    Reserve Bank of India’s decision to cut the repo rate by 25 basis points, from 7.75 to 7.50, is a move in the right direction.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Amita Sharma

IITs: Growing needs with growing numbers

In continuance of the government’s commitment to spread the reach ...

Zehra Naqvi

For the love of language

A video doing the rounds in social media these days ...

Dharmendra Khandal

‘Poop’ coffee anyone? If civets suffer, so be it

That a drink which proudly associates itself with animal poop ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture