Reliance Industries, despite its massive market capitalization, ranks third in Nifty 50 index weight due to its lower free-float shares. Banks like HDFC Bank and ICICI Bank hold higher weights because a larger portion of their stock is available for public trading, influencing the index more significantly.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj