QUOTE AND NEWS
The Times of India  8 hrs ago  Comment 
The benchmark sensex today extended its winning run to the sixth straight session and soared 311 points to reclaim the 26,000-mark at close as robust earnings from key blue chips boosted investor sentiment.
The Times of India  10 hrs ago  Comment 
The Hindu Business Line  Jul 22  Comment 
The Economic Times  10 hrs ago  Comment 
The BSE Sensex rallied over 300 points in trade on Tuesday to end above its crucial psychological resistance level of 26,000.
The Economic Times  Jul 22  Comment 
The rally in the index pushed Sensex to hit its intraday high of 25949.04, which is just below its crucial psychological resistance level of 26000.
Reuters  Jul 22  Comment 
The BSE Sensex rose more than 1 percent on Tuesday, approaching its record high hit earlier this month after telecom stocks surged following Idea Cellular's better-than-expected earnings while stronger Asian shares also bolstered sentiment.
The Economic Times  Jul 22  Comment 
The sharper rises as well as sharper fall will be in a shorter period of time and for one to be able to get benefit from the sharp market movement.
Market Intelligence Center  Jul 21  Comment 
U.S. markets are moving down Monday morning. The S&P 500 and the Dow are both down  0.22% at last check. In Asia, markets were mixed to start the week, as global tensions continue to dampen sentiment. The Nikkei was down 1.01% while the Mumbai...
The Economic Times  Jul 21  Comment 
The Sensex, which rallied nearly 220 points in trade on Monday, ended with modest gains, weighed down by losses in Infosys, L&T and SBI.
Reuters  Jul 21  Comment 
The BSE Sensex rose for a fifth consecutive session on Monday as Reliance Industries rallied after its quarterly earnings beat estimates, while merger-related news led to gains in some companies such Kotak Mahindra Bank.
The Hindu Business Line  Jul 21  Comment 
The Sensex and the Nifty rose nearly 0.6 per cent in the opening session on Monday on fresh buying by funds and retail investors amid positive global cues. At 9.15 a.m., the 30-share BSE...
The Times of India  Jul 21  Comment 
The Hindu Business Line  Jul 21  Comment 
The Hindu Business Line  Jul 21  Comment 




 
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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