QUOTE AND NEWS
Reuters  Aug 14  Comment 
The BSE Sensex and Nifty rose on Thursday to their highest close in nearly two-and-a-half weeks as blue-chips such as ICICI Bank Ltd gained, tracking higher Asian stocks as soft economic data globally kept up hopes of continued stimulus from...
The Economic Times  Aug 14  Comment 
The BSE Sensex in August so far has gained nearly 2 per cent, or 438 points, on the back of sustained buying by foreign institutional investors.
The Economic Times  Aug 14  Comment 
The Sensex reclaimed 26,000 levels; led by gains in FMCG, pharma and IT sectors on the back of positive cues from global peers.
The Hindu Business Line  Aug 14  Comment 
The Sensex and the Nifty rose nearly 0.7 per cent at the closing session on Thursday on sustained by funds and retail investors amid firm European cues. The 30-share BSE index Sensex jum...
The Times of India  Aug 14  Comment 
The Economic Times  Aug 14  Comment 
According to analysts, the market is nearing higher end of the trading range and traders might taking some profit off the table.
The Times of India  Aug 13  Comment 
Advancing for the third straight session, the benchmark sensex today rose 38.18 points to end at two-week high of 25,918.95 on gains in FMCG, IT, healthcare and oil & gas stocks ignoring an uptick in retail inflation and slowing industrial growth.
Reuters  Aug 13  Comment 
MUMBAI, Aug 13 - The BSE Sensex and Nifty edged higher on Wednesday, gaining for a third consecutive session as a weak rupee boosted IT firms although broader gains were capped by disappointing earnings from blue chips such as Bharat Heavy...
The Economic Times  Aug 13  Comment 
Normura in its report said that the cyclical pick-up in growth is being ignored by market obsessed with bold policy & reform moves from the govt.
The Economic Times  Aug 13  Comment 
"Market will speculate on what Prime Minister Narendra Modi's big announcements will be in his maiden Independence Day address," said an IIFL report.
The Times of India  Aug 13  Comment 
Sensex fell over 30 points in early trade on Wednesday after industrial production declined to 3.4 per cent in June and retail inflation rose to 7.96 per cent in July.




 
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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