RIL topples ITC as top Sensex ‘heavyweight’

18 Jan 2013

1

Reliance Industries Ltd gained further on the Bombay Stock Exchange today after having on Thursday overtaken ITC as the most influential stock on the BSE's benchmark Sensex.

The oil and gas major's shares soared by 3.4 per cent on Thursday, and a further 1 per cent in this morning's trade.

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

The RIL counter saw good buying, which experts mainly attributed to the government move to loosen its grip on diesel prices and allow "small" hikes periodically.

Experts said the counter also saw activity ahead of its quarterly earnings announcement due today.

The weight of a stock on the BSE is measured by the value of a company's free-float or non-promoter shares that can be freely traded in the market.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers