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ICICI Bank closes in on HDFC Bank for Nifty’s top spot as share trends diverge

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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 widest since April 2015, according to Nuvama data.

ICICI closes in on HDFC Bank's no.1 spot in Nifty as share show diverges<br>ET Bureau

The convergence between the weights of HDFC Bank and ICICI Bank has been driven by the contrasting performance of their shares this year. HDFC Bank‘s Nifty weight has dropped from 12.7% at the end of December 2025 to 9.85%, with the stock declining around 28% so far in 2026. ICICI Bank’s weight, in contrast, has risen from 8.05% to 9.45%, an increase of 1.4 percentage points.

Read more: Midcap Street party turns selective as 15 stocks power 50% of rally

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Reliance Industries has also lost ground, with its Nifty weight falling from 8.9% at the end of December to 7.8% as its shares declined around 17% this year.


The shift marks a significant change in the Nifty’s pecking order. HDFC Bank’s weight had reached a record 19.1% in February 2020, while Reliance Industries peaked at 14.92% in September that year.
Despite the lower weight in the index, Reliance Industries remains the largest of the three with a market capitalisation of around ₹17.7 lakh crore, followed by HDFC Bank at ₹10.97 lakh crore and ICICI Bank at ₹10.32 lakh crore.

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Kate Middleton and Prince William Stay Silent on Meghan Markle and Prince Harry’s Return to Britain

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Kate Middleton

LONDON — More than a week after Prince Harry and Meghan Markle relocated to Britain with their two children, Kate Middleton and Prince William have offered no public comment on the couple’s return, according to people close to the Prince and Princess of Wales, who describe the silence as a deliberate choice rather than an oversight.

A source close to William and Kate told People magazine that the couple is taking a cautious approach as Harry and Meghan settle into their extended stay in the U.K., resisting the urge to react quickly to the news. “They are watching this space,” the source said. “It’s private — they don’t feel the need to say anything or demonstrate anything outwardly.”

Harry, Meghan and their children, Prince Archie and Princess Lilibet, arrived in Birmingham last week following a private flight from California, beginning what the family has described as an extended period living in Britain. The move has drawn widespread attention across British media, with much of the coverage focused on the prospects for reconciliation between Harry and the rest of the royal family after years of public estrangement.

Those prospects appear limited for now, at least between the brothers. Sources told People last week that Harry and William remain in “no contact,” with William in particular not yet ready for that dynamic to shift.

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People close to William and Kate point to the strain the couple has faced privately in recent years as a factor shaping their current posture. Kate was diagnosed with cancer in 2024 and underwent treatment before announcing in January 2025 that she was in remission. A palace insider told People the couple has weathered significant hardship during that period. “They have suffered a lot,” the source said, adding that their focus remains on their royal duties, their three children and Kate’s continued recovery.

The insider suggested that steadiness, rather than public statements, has defined the couple’s approach throughout the period of tension with Harry and Meghan. “They have been dutiful, doing what they do well and keeping the family together,” the source said. “Anything else, from their point of view, isn’t critical.”

Despite the current distance, a source told People that reconciliation between the two couples is not out of the question, though any thaw would likely take time. “If the two couples reconcile, it will be a slow build,” the source said, pointing to lingering hurt from years of public disagreements. “There is a deep sense of betrayal.”

That same source suggested that proximity alone may eventually create opportunities for the estranged relatives to interact, even without a formal reconciliation. “There are bound to be moments where their worlds overlap,” the insider said, “and everyone will be watching how those encounters unfold.” The remark alluded to the possibility of Kate and Meghan crossing paths at official or family events now that the Sussexes are living in the U.K. for an extended stretch.

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The rift between the two couples, once dubbed the royal “Fab Four” during the early years of William and Harry’s joint public engagements with their wives, has been closely tracked by royal watchers since Harry and Meghan stepped back from official royal duties in 2020 and relocated to North America. Tensions deepened following the couple’s subsequent interviews and Harry’s 2023 memoir, “Spare,” which detailed private family conflicts and drew criticism from some members of the royal family.

Buckingham Palace and representatives for William and Kate have not issued any formal statement addressing Harry and Meghan’s return, and palace officials have generally declined to comment publicly on the family’s internal dynamics throughout the dispute. Representatives for Harry and Meghan have likewise not detailed the family’s specific plans beyond confirming that Archie and Lilibet are now enrolled in school in the U.K.

King Charles III has also not issued public remarks on his younger son’s return, though earlier reporting indicated the King learned of the couple’s plans only shortly before their arrival. Royal commentators have suggested that any broader shift in the family’s dynamic is more likely to unfold gradually and privately than through public statements from any of the parties involved.

For now, People’s sources indicate that William and Kate intend to maintain their current posture of quiet observation, prioritizing what they see as their core responsibilities over any public engagement with the developments surrounding Harry and Meghan’s move. Whether that approach shifts as the Sussexes settle further into life in Britain remains to be seen.

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Oil climbs for 3rd straight day on renewed U.S.-Iran fighting

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Oil climbs for 3rd straight day on renewed U.S.-Iran fighting

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Fife Capital to build $30m warehouse in Doobarda

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Fife Capital to build $30m warehouse in Doobarda

Sydney-based Fife Capital has cleared a planning hurdle to expand its Western Australian footprint after an assessment panel approved its $30 million warehouse plan.

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When honours turn to dishonour

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When honours turn to dishonour

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Synergy fined $1.2m over battery bungle

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Synergy fined $1.2m over battery bungle

The Economic Regulation Authority has fined state-owned Synergy $1.2 million, after it found a software error inflated wholesale power prices from the Kwinana big battery.

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Gold falls to 3-week low as Iran tensions fuel oil, Fed rate-hike fears

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Gold falls to 3-week low as Iran tensions fuel oil, Fed rate-hike fears

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Range Rover Electric: JLR launches its first fully electric luxury SUV

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The Range Rover Electric, Jaguar Land Rover’s first fully electric luxury SUV, is being built at JLR’s manufacturing plant in Solihull

A Range Rover in production at the Jaguar Land Rover (JLR) plant in Solihull

A Range Rover in production at the Jaguar Land Rover (JLR) plant in Solihull(Image: PA Archive/PA Images)

Automotive giant Range Rover has unveiled its first fully electric model.

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The vehicle, Range Rover Electric, is being manufactured at JLR’s production facility in Solihull, in the West Midlands.

The firm said the launch is accompanied by a sweeping transformation of the plant and several other sites across the West Midlands, encompassing new battery and electric drive unit production lines, as well as a comprehensive reskilling programme for staff ahead of the shift to electrification.

Some 9,000 employees in Solihull have been upskilled for electrification and a further 1,500 have been trained across the West Midlands, while JLR’s Electric Propulsion Manufacturing Centre in Wolverhampton now produces battery packs and electric drive units alongside internal combustion engines.

Martin Limpert, managing director of Range Rover, said: “Range Rover Electric is the result of a decade of considered engineering and technological development, setting a new benchmark for the original luxury SUV.

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“We took our testing and development programmes even further than originally intended to ensure Range Rover Electric is genuinely the most accomplished Range Rover ever.”

Matt Becker, JLR’s vehicle engineering director said: “The defining characteristic of Range Rover Electric is its ability to perform across every surface, with effortless comfort and refinement.

“We’ve worked tirelessly to ensure it retain those qualities.”

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Why Canada's Counter-Tariff Is More Than 'Dollar For Dollar'

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Why Canada's Counter-Tariff Is More Than 'Dollar For Dollar'

Why Canada's Counter-Tariff Is More Than 'Dollar For Dollar'

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Babcock, Saab ink $117m Henderson frigate management contract

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Babcock, Saab ink $117m Henderson frigate management contract

Babcock Australia take the reins, in partnership with Saab, to manage the life cycle of the nation’s ageing Anzac-class frigates at the Henderson maritime precinct under a new 5-year, $117.5 million deal.

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Tectonic Therapeutic Stock: Competitor Data Strengthens The TX45 Bull Case (NASDAQ:TECX)

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SELLAS Life Sciences: The AML Platform Is More Interesting Than Binary Event (NASDAQ:SLS)

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