<p>On a stand-alone basis, Reliance Industries Ltd (RIL) remains the most influential of the 30-stock BSE Sensex, but it ranks below HDFC and Tatas taking into account cumulative weightage of their group companies on the index.<br /><br />As per the information available with BSE, RIL's weight in Sensex is 10.73 per cent, which is bigger than any other stock on the index.<br /><br />But, it is lower than Tata group's 11.17 per cent and HDFC group's 12.1 per cent at the group level.<br /><br />About a year ago, RIL's weight was much higher at 14.16 per cent at the end of June 2010, which was biggest among all Sensex constituents, not only on a single company basis but also at the group level.<br /><br />The Ratan Tata-led salt-to-software conglomerate has four companies on the Sensex, which also has two companies from Deepak Parekh-led HDFC group -- the flagship housing finance giant HDFC and private banking major HDFC Bank.<br /><br />In comparison, RIL is the single Sensex company from the Mukesh Ambani-led group, which has only one more listed entity Reliance Industrial Infra Ltd.<br /><br />Still, RIL has enjoyed the position of the most influential stock, not only on stand-alone but also on group basis, for a long time and movement in this stock has been crucial for any major fall or rise in the Sensex.<br /><br />But, experts said, scenario seems to be changing as the benchmark Sensex rallied by more than 500 points last Friday without a single-point contribution from RIL, experts said.<br /><br />They noted that it was an unprecedented development that the index has rallied by such a momentum without any help from its biggest heavyweight stock.<br /><br />Sensex rose by 513.19 points or 2.9 per cent on Friday, even as RIL remained flat with a 0.03 per cent slip.<br /><br />Commenting on RIL's under-performance, Way2Wealth's Chief Operating Officer Ambareesh Baliga said: "RIL hasn't been a contributor to the market movement specially on the positive side for a very long time."<br /><br />"When the markets have fallen at that point of time RIL was a contributor. Last week, when the markets fell below 18,000-mark, Reliance was a contributor. In the fall it is a contributor but in the move up its not, because the stock has been a under-performer," he added.<br /><br />RIL's Sensex weight has been falling over the past many months mostly because of the under-performance of the stock and a relatively better show by others.</p>
<p>On a stand-alone basis, Reliance Industries Ltd (RIL) remains the most influential of the 30-stock BSE Sensex, but it ranks below HDFC and Tatas taking into account cumulative weightage of their group companies on the index.<br /><br />As per the information available with BSE, RIL's weight in Sensex is 10.73 per cent, which is bigger than any other stock on the index.<br /><br />But, it is lower than Tata group's 11.17 per cent and HDFC group's 12.1 per cent at the group level.<br /><br />About a year ago, RIL's weight was much higher at 14.16 per cent at the end of June 2010, which was biggest among all Sensex constituents, not only on a single company basis but also at the group level.<br /><br />The Ratan Tata-led salt-to-software conglomerate has four companies on the Sensex, which also has two companies from Deepak Parekh-led HDFC group -- the flagship housing finance giant HDFC and private banking major HDFC Bank.<br /><br />In comparison, RIL is the single Sensex company from the Mukesh Ambani-led group, which has only one more listed entity Reliance Industrial Infra Ltd.<br /><br />Still, RIL has enjoyed the position of the most influential stock, not only on stand-alone but also on group basis, for a long time and movement in this stock has been crucial for any major fall or rise in the Sensex.<br /><br />But, experts said, scenario seems to be changing as the benchmark Sensex rallied by more than 500 points last Friday without a single-point contribution from RIL, experts said.<br /><br />They noted that it was an unprecedented development that the index has rallied by such a momentum without any help from its biggest heavyweight stock.<br /><br />Sensex rose by 513.19 points or 2.9 per cent on Friday, even as RIL remained flat with a 0.03 per cent slip.<br /><br />Commenting on RIL's under-performance, Way2Wealth's Chief Operating Officer Ambareesh Baliga said: "RIL hasn't been a contributor to the market movement specially on the positive side for a very long time."<br /><br />"When the markets have fallen at that point of time RIL was a contributor. Last week, when the markets fell below 18,000-mark, Reliance was a contributor. In the fall it is a contributor but in the move up its not, because the stock has been a under-performer," he added.<br /><br />RIL's Sensex weight has been falling over the past many months mostly because of the under-performance of the stock and a relatively better show by others.</p>