ITC topples RIL as most influential stock

FMCG major ITC on Tuesday replaced Mukesh Ambani-led Reliance Industries Ltd (RIL) as the most influential stock on Indian bourses. Based on its weightage on the stock market’s index Sensex, RIL slipped to the second position after ITC. At close today, ITC grabbed 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. ITC has a weightage of 9.25 per cent, followed by RIL which has a weightage of 9.23 per cent.