QUOTE AND NEWS
The Times of India  Feb 4  Comment 
Extending losses for the fourth straight day, the benchmark BSE Sensex today fell over 117 points to slip below the 29,000-mark after nearly two weeks as funds and retail investors indulged in profit-booking amid mixed global cues.
Reuters  Feb 4  Comment 
The BSE Sensex and Nifty continued their retreat from record highs hit last week for a fourth session on Wednesday to mark their lowest close in two weeks as banks declined on concerns the central bank's move to boost lenders' liquidity may weigh...
The Economic Times  Feb 4  Comment 
The 30-share index ended at 28,883.11, down 117.03 points or 0.40 per cent. It touched a high of 29,133.62 and a low of 28,824.68 in trade today.
The Hindu Business Line  Feb 4  Comment 
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The Economic Times  Feb 4  Comment 
The 50-share Nifty index also pared its intraday gains, and was trading near its support level of 8750, weighed down by losses in banks, autos, capital goods and auto stocks.
The Economic Times  Feb 4  Comment 
Tracking the momentum, the NSE's benchmark index Nifty also pared its intraday gains, and was trading near its support level of 8750.
The Hindu Business Line  Feb 4  Comment 
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The Times of India  Feb 4  Comment 
Snapping its three-day losing streak, the benchmark BSE sensex recovered over 133 points in early trade on Wednesday on emergence of buying by funds and retail investors amid a firm Asian trend.
The Economic Times  Feb 4  Comment 
At 09:18 a.m.; the 30-share index was at 29,070.37, up 70.23 points or 0.24 per cent. It touched a high of 29,133.62 and a low of 29,049.05.
Commodity Online  Feb 4  Comment 
Indian bourses opened gap up amid strong global cues. Global market rallied tracking sharp surge in crude oil prices.




 
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

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  2. Investopedia.com
  3. List of Sensex stocks
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