QUOTE AND NEWS
The Economic Times  4 hrs ago  Comment 
Reacting to the market momentum, analysts are not concerned and say its normal correction or usual profit taking at higher levels.
The Hindu Business Line  5 hrs ago  Comment 
3.50 pm Global equities pull back from record highs: Global equities
The Hindu Business Line  7 hrs ago  Comment 
Markets hit a historic high in early trade on Wednesday, with the Sensex breaching the 30,000 mark. Experts said the Sensex has soared cheering the
The Hindu Business Line  7 hrs ago  Comment 
2.02 pm India Infoline stock takes a beating: The IIFL (India Infoline Ltd) Holdings
The Economic Times  8 hrs ago  Comment 
The 30-stock Sensex pared some gains after rallying as much as 434 points in trade on Wednesday to hit 30,000 mark in a first.
The Hindu Business Line  10 hrs ago  Comment 
A timely move! Rajan cites low capacity utilisation, still-weak indicators of production and credit off-take for cutting repo rate by 25 bps— l...
The Hindu Business Line  11 hrs ago  Comment 
9.15 am The 30-share BSE index Sensex was trading higher by 363.39 points or 1.22 per cent at 29,956.09 and the 50-share NSE index Nifty was trading up by 121.05 points or 1.35 per cent at 9,1...
The Hindu Business Line  Mar 3  Comment 
Ends at 8,996.25; Sensex up 134 points at 29,593.73
The Hindu Business Line  Mar 3  Comment 
Shares of Coal India Ltd tumbled nearly 6 per cent amid massive selling by investors as the stock went ex-dividend today. The stock fell 5.68 per cent to Rs 372.25 on the BSE. Th...
Commodity Online  Mar 3  Comment 
Indian capital market opened flat amid mixed global cues. Indices traded extremely lackluster during first half of the day.




 
TOP CONTRIBUTORS

The BSE Sensex is a market capitalized index that tracks 30 stocks from the Bombay Stock Exchange, which are representative of the stocks from various sectors of the Bombay Stock Exchange. They account for approximately one fifth of the capitalization of the exchange. It is the second largest exchange of India in terms of volume and first in terms of shares listed. The BSE Sensex has more than ten thousand shares listed.[1]

Weighting

The index is calculated based on a free-float capitalization method; a variation of the market cap method. Instead of using a company's outstanding shares it uses its float, or shares that are readily available for trading. The free-float method, therefore, does not include restricted stocks, such as those held by company insiders.

The Free float Adjustment factor, or FAF for short, represents the proportion of shares that is freefloated as a percentage of issued shares and then its rounded up to the nearest mulitple of 5% for calculation purposes. To find the free-float capitalization of a company, first find its market cap (number of outstanding shares x share price) then multiply its free-float factor.

The free-float factor is determined by the percentage of floated shares to outstanding. For example, if a company has a float of 4 million shares and outstanding shares of 5 million, the percent of float to outstanding is 80%. A company with an 80% free float falls in the 75-80% free-float factor, or 0.80, which is then multiplied by its market cap. For example: $120 million (12 million shares at $10/share) x 0.80 = $96 million.[2]

Composition

The composition of the BSE Sensex, as of August 27, 2008:[3]

COMPANY NAME TICKER on the BSE Industry Free float Factor
ACC LimitedBY:500410Housing Related0.60
Bharat Heavy Electricals LimitedBY:500103Capital goods0.35
Bharti Airtel LtdBY:532454Telecom0.35
DLF Ltd.BY:532868Housing Related0.15
Grasim Industries Ltd.BY:500300Diversified0.75
HDFC Bank (HDB)BY:500180Finance0.85
HDFCBY:500010Finance0.85
Hindalco Industries LtdBY:500440Metals, Metal Products and Mining0.70
Hindustan Unilever LtdBY:500696Fast Moving Consumer Goods0.50
ICICI Bank (IBN)BY:532174Finance1.00
Infosys Technologies (INFY)BY:500209Information Technology0.85
ITC LtdBY:500875Fast Moving Consumer Goods0.70
Jaiprakash Associates Ltd.BY:532532Housing Related0.60
Larsen & Toubro LimitedBY:500510Capital Goods0.90
Mahindra & Mahindra LtdBY:500520Transport Equipments0.80
Maruti Suzuki India LtdBY:532500Transport Equipments0.50
National Thermal Power Corporation LtdBY:532555Power0.15
Oil and Natural Gas Corporation BY:500312OIl & Gas0.20
Ranbaxy Laboratories Ltd.BY:500359Healthcare0.70
Reliance Communications (532712-BY)BY:532712Telecom0.35
Reliance Industries Limited (RELIANCE-IN)BY:500325Oil & Gas0.50
Reliance Infrastructure Ltd.BY:500390Power0.65
Satyam Computer Services (SAY)BY:500376Information Technology0.95
Sterlite Industries (India) Ltd.BY:500900Metals, Metal Products and Mining 0.40
Tata Consultancy Services LimitedBY:532540Information Technology0.25
Tata Motors (TTM)BY:500570Transport Equipments0.60
Tata Power Company Ltd.BY:500400Power0.70
Tata Steel Limited (500470-BY)BY:500470Metals, Metal Products and Mining0.70
Wipro (WIT)BY:507685Information Technology0.20

Image:Example.jpg

References

  1. ↑ You must specify title = and url = when using {{cite web}}..
  2. ↑ Investopedia.com
  3. ↑ List of Sensex stocks
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