QUOTE AND NEWS
The Economic Times  56 min ago  Comment 
Shares of RIL, which underperformed so far this year against the benchmark Sensex, declined over a percent on Tuesday to close at Rs 1024.
The Economic Times  5 hrs ago  Comment 
The US markets had seen a rally in overnight trade but that didn’t get rubbed off on the domestic market, which saw cautious trading throughout.
The Hindu Business Line  6 hrs ago  Comment 
The Sensex and Nifty were trading down by nearly 0.3 per cent in the mid-session as software services exporters declined after Infosys said Royal Bank of Scotland had cancelled a contract, sparking r...
Reuters  8 hrs ago  Comment 
Indian shares ended lower on Tuesday, as software services exporters retreated after Royal Bank of Scotland cancelled a contract with Infosys and as world stocks moved away from one-year peaks amid global concerns.
The Hindu Business Line  10 hrs ago  Comment 
World stocks edge away from one-year peak
The Times of India  10 hrs ago  Comment 
The benchmark BSE Sensex fell by 62 points as investors cut down their bets on disappointing macroeconomic data and weak trend in Asian markets.
The Economic Times  Aug 16  Comment 
If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.
The Economic Times  Aug 16  Comment 
The PPI numbers for euro zone, and industrial production, housing starts and CPI numbers for the US are also scheduled for release later in the day.
The Economic Times  Aug 15  Comment 
In past 10 years, the BSE Sensex has managed to post gains only twice on the day post-Independence Day, data compiled by ETMarkets.com showed.
The Hindu Business Line  Aug 14  Comment 
The combined market valuation of seven of the top-10 most valued Indian companies rose by Rs 45,024.83 crore last week, with TCS leading the pack with maximum gains.Barring HDFC Bank, Infosys and Sun...




 
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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