RIL becomes most influential stock in Sensex

Tags: RIL, Sensex, Companies
Reliance Industries today overtook ITC as the most influential stock on BSE benchmark Sensex, after the oil & gas major's shares soared by 3.4%.

At the end of trade today, RIL commanded 9.33% weight in the 30-share Sensex, while ITC had 9.27% weight, followed by Infosys with 8.05%.

Shares of RIL ended the day 3.4% higher at Rs 889.65, while ITC was up 0.53% at Rs 285.15.

The RIL counter saw good buying amid government virtually deregulated diesel prices allowing "small" hikes over a period of time.

Experts said the counter also saw activity ahead of its earnings tomorrow.

"The bullishness in the stock price also stemmed from the expectation of healthy improvement in refining margins in its quarterly results," said Milan Bavishi, Head Research, Inventure Growth & Securities.

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 also remains the country's most valued company in terms of market capitalisation. The energy major commands a market value of Rs 2,87,848 crore.

ONGC is the second most valued company with a m-cap of Rs 2,69,070 crore, followed by TCS (Rs 2,66,622 crore), ITC (Rs 2,24,649 crore), and Coal India (Rs 2,22,588 crore).

EDITORIAL OF THE DAY

  • Allow 100 per cent FDI in asset reconstruction companies

    The asset reconstruction business is 13 years old and still struggling like a toddler.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Rajgopal Nidamboor

From complexity to prudent adaptability

It is a travesty that a host of new, strikingly ...

Dharmendra Khandal

Creepy, you say? That’s merely ophidiphobia

Snakes are the earliest predators in the life of the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture