QUOTE AND NEWS
The Economic Times  9 hrs ago  Comment 
The National Stock Exchange index Nifty rose by 68.15 points, or 0.86% to close at 7,995.90 after crossing 8,000-mark for the first time since Sep 30.
The Economic Times  Oct 22  Comment 
Higher than expected earnings in a host of domestic cyclical sectors as well as quality midcaps, is what will continue to drive the markets going forward.
The Economic Times  Oct 22  Comment 
Coal India, which now has a monopoly, will find it difficult to compete if the government allows the private sector to sell coal in the open market.
The Hindu Business Line  Oct 22  Comment 
The Sensex and the Nifty ended higher by nearly 0.9 per cent on increased capital inflows on the last trading session of the Samvat Year 2070, amid the government announcing a slew of economic ref...
Commodity Online  Oct 22  Comment 
Indian bourses opened gap up amid positive global cues. Strong buying in Auto, Capital Goods stocks led the gain in early trade.
The Economic Times  Oct 21  Comment 
Analysts at top brokerage firms believe that we are in a bull market & the Sensex is on track to hit the levels above 30000-35000 by next Diwali.
The Economic Times  Oct 21  Comment 
The volatility is likely to continue as we will be entering a phase when US would be raising interest rates and India will be cutting rates.
The Economic Times  Oct 21  Comment 
The S&P BSE Sensex was at 26,501.64, up 71.79 points or 0.27 per cent. It touched a high of 26,570.81 and a low of 26,472.96 in trade today.




 
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

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  2. Investopedia.com
  3. List of Sensex stocks
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