ICICI Bank pips Reliance Industries to become second-largest weighted stock in Nifty 50 despite smaller market cap

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Reliance Industries commands the highest overall market capitalisation of nearly ₹17.14 lakh crore on the NSE, its free-float market capitalisation stands at a little over ₹8.52 lakh crore. As a result, the company currently holds an 8.27% weight in the Nifty 50 index.