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ITC Replaces Reliance As The Most Influential Stock

Everyone in the stock market wanted to be on the top being known as the most influential company. This time it’s the ITC replacing Mukesh Ambani-led Reliance Industries Ltd as the most influential stock on Indian courses.

ITC Logo

ITC Limited

The RIL was second based on the weightage on the stock market’s index Sensex. The Sensex weightage is the value of the companies’ non-promoter shares which can be freely treated in the market.

For the numbers, the RIL has weightage of 9.23 percent while the ITC weightage is 9.25 per cent. The Infosys that has some shares crashed landed on the third place.

Reliance Industries Logo

Reliance Industries

The RIL has consistently dominated the stock market for many years until the ITC has replaced them. But, even though they are not anymore the most influential, they remain bigger when it comes to overall market value.

There are a lot of valued firms in India and RIL tops them all. The firm is followed by ONGc, Coal India TCS and ITC respectively.

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