QUOTE AND NEWS
The Economic Times  Apr 13  Comment 
Among the 51 components in the Nifty50 index, 34 stocks ended the day in the red with Hindalco falling the most followed by Infosys.
Equitymaster  Apr 13  Comment 
Posted by Equitymaster        Indian share markets finished the trading week in red dragged by technology stocks, after Infosys revenue outlook and plan to return cash to shareholders fell short of expectations, raising concerns at the...
Reuters  Apr 13  Comment 
REUTERS - Indian shares ended lower on Thursday, with the Sensex posting its biggest weekly loss of the year, after Infosys Ltd gave lower-than-expected annual revenue guidance and disappointed with the size of its planned share buyback.
The Economic Times  Apr 13  Comment 
The 30-share BSE Sensex was trading 64.11 points, or 0.22 per cent, down at 29579.37 in early trade around 9.22 am (IST), while the 50-share NSE Nifty index was down 13.70 points, or 0.15 per cent, at 9189.75.
The Economic Times  Apr 12  Comment 
In the midcap space, MRF, Adani Power and Exide Industries contributed the most to the fall in the S&P BSE Midcap index, which ended 32 points lower at 14,346.
The Economic Times  Apr 12  Comment 
The benchmark NSE Nifty index was trading 45.15 points down at 9191.85 in the afternoon trade on Wednesday.
Equitymaster  Apr 12  Comment 
Posted by Equitymaster        After opening the day on a flat note, share markets in India witnessed volatile trading activity and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks...
The Economic Times  Apr 12  Comment 
Domestic equity index BSE Sensex was trading 163.87 points lower at 29,624.48 in afternoon trade on Wednesday ahead of IIP data.
Reuters  Apr 12  Comment 
REUTERS - Indian shares ended lower on Wednesday as investors kept to the sidelines ahead of Infosys results on Thursday, while geopolitical concerns continued to weigh on the sentiment.




 
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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