Explained: Reliance Industries is India’s most valuable company but why isn’t it No.1 in Nifty50 weight?

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.

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