QUOTE AND NEWS
The Hindu Business Line  3 hrs ago  Comment 
Sensex and Nifty can whipsaw near the derivative expiry. But the trend is positive
The Times of India  6 hrs ago  Comment 
Four of the top-10 Sensex firms suffered a combined loss of Rs 39,391.49 crore from their market valuation last week, with state-run ONGC taking the steepest hit.
The Economic Times  Sep 19  Comment 
After opening at 27,139.39, the Sensex surged to touch the day's high of 27,247.17 on continued buying by foreign funds.
The Economic Times  Sep 19  Comment 
The statement came as a relief to investors and traders, who covered their aggressive short positions built ahead of the event, driving the Sensex above 27,000 on Thursday.
The Economic Times  Sep 19  Comment 
Nifty index rallied over 40 points to reclaim its crucial psychological level of 8150, supported by gains in pharma, power, realty, capital goods and IT stocks.
The Hindu Business Line  Sep 19  Comment 
The Sensex and the Nifty ended the session near flat due to profit-taking by funds and retail investors amid firm global cues. The 30-share BSE index Sensex ended down 21.79 points at 27...
The Economic Times  Sep 19  Comment 
Nifty index also started on a strong note and was trading above its crucial psychological level of 8100, supported by gains in pharma, power, realty, capital goods and IT stocks.
The Economic Times  Sep 18  Comment 
Domestic investors also cheered stronger trade ties with China with the country committing investments worth USD 20 billion in India over the next five years.




 
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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