QUOTE AND NEWS
The Economic Times  42 min ago  Comment 
The 50-share Nifty index was also trading near its crucial psychological level of 8150, weighed down by losses in realty, oil & gas, metal and banking stocks.
The Economic Times  1 hr ago  Comment 
Tracking the momentum, the 50-share Nifty index was also trading in a range, supported by gains in IT, power, oil & gas and consumer durable stocks.
The Hindu Business Line  2 hrs ago  Comment 
The Sensex and the Nifty were trading marginally in the red due to profit-taking by funds and retail investors ahead of September month F&O expiry this week. At 10.21 a.m., the 30-sh...
The Economic Times  Sep 22  Comment 
After a lower start at 27,008.12, the Sensex dipped below the 27,000-mark to touch a low of 26,918.93, down over 170 points.
The Economic Times  Sep 22  Comment 
According to analysts, pick-up in buying activity in oil & gas and private banks helped the benchmarks to move higher.
The Times of India  Sep 22  Comment 
The benchmark BSE Sensex provisionally closed up 0.4 per cent at 27,206.74 points, while the broader Nifty gained 0.31 per cent to 8,146.30.
The Economic Times  Sep 22  Comment 
The Sensex is now close to its all-time high and the momentum suggests that the markets look poised to claim fresh highs soon.
The Economic Times  Sep 22  Comment 
Tracking the momentum, the 50-share Nifty index plunged below its crucial psychological level of 8100, weighed down by losses in pharma, FMCG, power and IT stocks.
The Economic Times  Sep 22  Comment 
"Trend in investment activity of FIIs and movement in global markets will determine the near term trend on the domestic bourses."




 
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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