Infy pips RIL to become 2nd most influential stock in Sensex

Infosys today overtook Reliance Industries to become the second most influential stock on BSE benchmark Sensex after its shares surged by 1.52%.

At close today, Infosys commanded 9.15% weight on the 30-share Sensex, while RIL had 8.72% weight.

Shares of Infosys ended 1.52% higher at Rs 3,323.50 apiece, while RIL was up 0.84% at Rs 870.25.

Diversified group ITC Ltd continues to have the biggest weight of 10.62% on the Sensex.

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.

Infosys counter rallied by more than 6% in the past three trading sessions. The stock had touched its 52-week high of Rs 3,360 on October 11 after the IT giant had posted strong quarterly earning and also revised its US dollar revenue guidance upwards to 9-10% for the 2013-14 fiscal.

Among others in the top five, software major TCS's weight stood at 7.34% and private sector lender HDFC Bank's at 7.20%.

In terms of market capitalisation, TCS is the most valued company with a valuation of Rs 4,33,455 crore, followed by RIL (Rs 2,81,146 crore), ITC (Rs 2,68,883 crore), ONGC (Rs 2,35,575 crore) and Infosys (Rs 1,90,847 crore).