Economic TimesLean R·
ICICI Bank closes in on HDFC Bank for Nifty’s top spot as share trends diverge
Mumbai: ICICI Bank is closing in on HDFC Bank's position as the most influential stock in the Nifty. The gap in weights between the index heavyweights is the narrowest since at least January 2010, according to Nuvama Alternative & Quantitative Research.The weight of HDFC Bank in the Nifty was around 9.85% as on August 31, while ICICI Bank's was 9.45%. Reliance Industries' weight was around 7.8% as of August 31. The 1.65 percentage point gap between ICICI Bank and Reliance Industries is the …
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