Mumbai: In a see-saw movement, FMCG major ITC on Wednesday toppled Reliance Industries to become the most influential stock in the BSE Sensex with gains of over 5 percent in volatile trading session.
Reliance Industries (RIL) had yesterday pushed ITC to the second slot.
At close on Wednesday, ITC regained 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 9.51 percent, while RIL has 9.06 percent, followed by Infosys which commanded a weight of 8.36 percent on the 30-share barometer.
Shares of ITC closed 5.61 percent higher at Rs 240.05, while RIL was down 1.91 per cent at Rs 695.10 on the BSE.     

Since the last few days, a veritable game of musical chairs has been played out between RIL and ITC for the top position on the bourses.
ITC had first replaced RIL as the most influential stock on Indian bourses on April 17, but the very next day the energy major regained the top-weighted stock status on the Sensex, pushing the FMCG giant down to the second slot.
From April 19 till April 30, ITC remained the most influential stock on both Sensex and Nifty, pushing Reliance Industries Ltd (RIL) to second position.
In terms of market capitalisation, RIL remains the second most valued company. TCS is the most valued company as it commanded m-cap of Rs 2,39,935 crore, while RIL's worth is at Rs 2,27,613 crore.
The BSE benchmark Sensex declined by 67 points to close at a fresh four-month low of 16,479.58 in volatile trade.



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