HDFC Bank has replaced Reliance Industries to become the highest weighted stock on the bourses.
RIL's weightage on Nifty50 slipped to a low of 9.82% while that of HDFC Bank has gone up to 10.15%. In its prime, RIL's weightage was as high as
15%.
Infosys holds the third position with a weightage of 8.61% on the index. It is followed by HDFC Ltd and ICICI Bank with 7.86% and 6.02% weightage
respectively.
RIL has lost its steam off late citing the legal tussle with Amazon over the future retail deal. It has thrown a spanner in RIL's ambitions of turning itself from an oil and gas conglomerate to a telecom and retail giant. Now, RIL will need to deliver on this front for further.
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