QUOTE AND NEWS
The Times of India  3 hrs ago  Comment 
The S&P BSE Sensex maintained its record-breaking spree by breaching the 29,000-level and consolidating gains by 154.02 points in the late morning trade, while the NSE Nifty hit a new record of 8,770 on sustained buying in key sector stocks.
The Economic Times  3 hrs ago  Comment 
The S&P BSE Sensex breached its crucial resistance level of 29,000 for the first time ever in trade on Thursday, led by strong buying by FIIs in the past 5 mths.
The Times of India  5 hrs ago  Comment 
The BSE Sensex hit all-time high of 29,000 for the first time while the Nifty edged above 8,750 as stock markets opened for early trade on Thursday.
The Economic Times  Jan 21  Comment 
The central bank has stated that once the monetary policy stance shifts, subsequent policy actions will be consistent with this stance.
The Times of India  Jan 21  Comment 
The BSE sensex continued its record-setting spree and breached 28,900-mark and the NSE Nifty touched a new peak of 8,730.45 in early trade on Wednesday.
The Hindu Business Line  Jan 21  Comment 
The Hindu Business Line  Jan 21  Comment 
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The Times of India  Jan 20  Comment 
nvestor wealth today soared by over Rs 89,000 crore with the benchmark BSE Sensex gaining 522.66 points to record a new closing high of 28,784.67.
Financial Times  Jan 20  Comment 
Country’s benchmark Sensex hits new high on expectations of improved economic growth
The Hindu Business Line  Jan 20  Comment 
India’s growth outlook fuels FII buying




 
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

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References

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  2. Investopedia.com
  3. List of Sensex stocks
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