QUOTE AND NEWS
The Times of India  42 min ago  Comment 
The 30-share index, which had gained 530.41 points in previous three sessions, fell by 56.51 points, or 0.19%, to 28,406.80.
The Economic Times  1 hr ago  Comment 
Sensex pared some of its gains after rallying as much as 85 points in trade on Monday, led by gains in ITC, HDFC, HDFC Bank, RIL and Bharti Airtel.
The Hindu Business Line  Jul 19  Comment 
There wasn't much activity in the SBI stock last week. The stock ended on a flat note despite the strong closing of the Bank Nifty and Sensex. The stock continues to test its key resistance as wel...
The Times of India  Jul 17  Comment 
The benchmark BSE Sensex, tracking a mixed trend overseas, surrendered most of its gains in early trade and finally closed 17 points higher as participants locked in gains.
The Hindu Business Line  Jul 17  Comment 
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The Economic Times  Jul 17  Comment 
Markets are likely to face headwinds in the form of sub-par monsoon rains, parliamentary disruptions, muted June quarter earnings.
Reuters  Jul 17  Comment 
The BSE Sensex ended marginally higher on Friday, marking their highest close in nearly three months for a second day, even as investors sold financial stocks seeking more clarity on the government's decision to make foreign holdings fungible.
The Economic Times  Jul 17  Comment 
The S&P BSE Sensex was trading with modest gains after gaining as much as 100 points in trade. The 30-pack index was trading below the 28,500-mark.
The Times of India  Jul 17  Comment 
The benchmark BSE sensex surged over 130 points in early trade today on the back of sustained foreign capital inflows after government eased FDI rules, and a firming trend at other Asian markets.
The Economic Times  Jul 16  Comment 
Overseas investors stepped up buying of Indian stocks, driving up benchmark indices to three-month highs on Thursday amid hopes declining oil prices.




 
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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