The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
At its current stock price, RIL now has 8.4 per cent weight in the Sensex against Infosys' 8.8 per cent.
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
Tata Steel and Tata Chemicals under investor watch
Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs
The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
Leverage ratio falls to under 1; but group heavily dependent on TCS & Tata Motors.
23 Nifty companies reported an annual decline in net profit.
The Sensex ended in red on domestic concerns.
Eight Sensex biggies such as Reliance, L&T, BHEL, SBI and ICICI Bank are among the worst hit.
Investors turn their attention to export-driven sectors.
The Indian indices also offer one of the lowest dividend yields.
The Sensex ended lower on unfavourable cues.
The event will also hurt PNB's asset quality in the March 2018 quarter. While the finer details of the fraud have not been provided, making it difficult to gauge the exact impact, analysts say it will dent the bank's financials.
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
More than 10% (40 of 498 companies) have lost at least half their market value.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
The analysis is based on the free-float market capitalisation.
In India, bond yields have fallen nearly 70 basis points in the last one year.
The company plans to overhaul business and rationalise costs in a bid to reach parent Unilever's new profit targets, reports Viveat Susan Pinto.
There are a few factors that can spoil the party
This weakness is likely to continue in the near-term.
Many analysts find market expensive, even at current levels.
Players like UltraTech Cement more expensive than ITC and HUL; others catching up fast.
IT companies account for a third of the entire dividend pot this year
Sales expansion also down 4.4%
The amount is around a fifth of the cumulative investment in fixed assets by these companies.
Longest period of price-earnings expansion in the index since 1996
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
World trade has been growing slower than world GDP since 2012.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
The calculation excludes cross-holding of listed group cos in each other.
Patanjali, to a large extent, has penetrated the target group for its products. As a result, increasing the consumer base and revenue by 100 per cent in FY18 will be a stiff challenge.
Stock prices is due to valuation expansion
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