Mukesh Ambani-led RIL regains most influential stock status from ITC

MUMBAI: Mukesh Ambani-led Reliance Industries today regained its position as the most influential stock on the BSE benchmark index Sensex and pushed FMCG major ITC to the second slot.

ITC had dethroned Reliance Industries (RIL) from the top position yesterday but its leadership position proved to be short-lived and it slipped to the second position in today's trading session.

At close today, RIL regained the top slot in terms of Sensex weightage, which is measured by the value of a company's free-float or non-promoter shares that can be freely traded in the market.

RIL has a weightage of 9.25 per cent, followed by ITC which has a weightage of 9.07 per cent.

Infosys slipped to the third place and commands 7.94 per cent weight in Sensex after the company's shares crashed 13 per cent on last Friday when the company gave a muted revenue guidance for FY2012-13.

RIL ended the trade with 0.40 per cent gains, while ITC was down 1.79 per cent.

Measured in terms of its weightage on the key indices of Indian stock market (Sensex as well as Nifty), Reliance Industries Ltd (RIL) had been consistently enjoying its position as the most influential stock for many years till early December, 2011.

RIL also remains bigger in terms of the overall market value, including the value of promoter shares.

The total market value of RIL stood at Rs 2,45,378 crore as on today, while ITC commanded an m-cap of Rs 1,89,010 crore.

RIL is the country's most valued firm, followed by ONGC, Coal India, TCS and ITC in that order.