QUOTE AND NEWS
The Economic Times  Sep 1  Comment 
September began on a weak note for the stock market, with the S&P BSE Sensex falling over 700 points in trade on Tuesday.
The Times of India  Sep 1  Comment 
The benchmark BSE Sensex plunged over 500 points on Tuesday on weak GDP.
The Times of India  Sep 1  Comment 
The Economic Times  Sep 1  Comment 
The volatility in stocks, currencies and commodities markets are expected to remain during first week of Sept, caution experts.
The Economic Times  Aug 31  Comment 
On August 24, when Sensex fell over 1,600 points, overall delivery volumes on both the exchanges was 50.60 per cent — the highest in three months.
The Hindu Business Line  Aug 31  Comment 
Ambit Capital prunes GDP growth target as well to 6.8% from 7%
The Economic Times  Aug 31  Comment 
The S&P BSE Sensex ended day 109.29 points, or 0.41 per cent, down at 26,283.09. The benchmark NSE Nifty index closed 30.65 points, or 0.38 per cent, down at 7,971.3.
The Economic Times  Aug 31  Comment 
The bulls might be tired, but experts feel that India is still the best among EMs, and foreign inflows that have slowed down will catch up soon.
The Economic Times  Aug 31  Comment 
The S&P BSE Sensex pared gains and was trading marginally higher on Monday following muted trend seen across Asian markets.
The Economic Times  Aug 31  Comment 
The bull market, which started in 2014 on hopes of pro-growth reforms with the formation of the Modi-led govt, is suddenly showing signs of fatigue.
The Hindu Business Line  Aug 31  Comment 
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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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