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Tuesday, 16 May 2017


Reliance Industries Limited, ITC Limited and TCS have been contributing the most to the Nifty and Sensex gains. The TCS Limited is on the first position in the list of top companies by market capitalisation on BSE as of May 15, 2017.

In Tuesday’s trading session, Reliance Industries Limited stock is struggling to cross the TCS in terms of market capitalisation. As per the intraday high of Reliance Industries Limited at Rs 1376.9 per share as of 1128 hours on Tuesday, the market capitalisation of the company stands at around Rs 4,47,689.9 Cr.

As per the intraday high of Tata Consultancy Services stock of Rs 2417.9 per share as of 1128 hours on Tuesday, the market capitalisation of the company stands at around Rs 4,76,429.54 Cr.

The Reliance Industries Limited is just about Rs 28,739.64 Cr or 6% away to become the top company by market capitalisation. The strong positivity in the markets, rising inflows of foreign institutional investors, domestic growth drivers and positive global cues are likely to push the Reliance Industries Limited to become top company in terms of market capitalisation on Indian bourses.

The IT stocks, however, are still seen to trade under pressure owing to the buzz in the market regarding big layoffs planned by the major IT companies.

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