ITC becomes most influential stock in Sensex

Diversified group ITC today surpassed Reliance Industries as the most influential stock on the Sensex, following a spurt in the stock price.

At the end of trade today, ITC commanded 9.69% weight in the BSE 30-share index, Sensex, while RIL had 9.61% weight, followed by Infosys (8.06%).

Shares of ITC ended with a gain of 1.64%, while RIL was down 0.98% on the BSE, in an overall weak stock market.

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.

ITC had first replaced RIL as the most influential stock on Indian bourses on April 17 last year, but the very next day the energy major regained the status.

RIL, however, remains the country's most valued company in terms of market capitalisation. The energy major commands a market value of Rs 2,95,840 crore.

ONGC is the second most value company with an m-cap of Rs 2,87,721 crore, followed by TCS (Rs 2,59,478 crore), ITC (Rs 2,34,300 crore) and Coal India (Rs 2,17,093 crore).