Infosys takes most influential stock tag from Mukesh Ambani's RIL

MUMBAI: Mukesh Ambani-led Reliance Industries has lost its position as the Indian stock market’s most influential individual company to IT major Infosys, following a recent plunge in its share price.

Measured in terms of its weightage on the Sensex, RIL had been enjoying its position as the most influential stock for many years and the movement in its share price has been crucial for any major fall or rise in this index.

However, RIL has now slipped to second position after Infosys in terms of its Sensex weightage, which is measured by the market value of a company's free-float or non-promoter shares that can be freely traded in the market.

At the end of Monday's trade, Infosys was the top-weight Sensex stock with a weightage of 10.25%, pushing RIL to the second slot with a weightage of 10.08%. Similarly, on the NSE Nifty Infosys was the top-ranked stock with a weightage of 9.13%, followed by RIL’s 8.48%.

The weightage of a stock on these two indices changes daily as per the change in the market value of their shares.