QUOTE AND NEWS
The Times of India  Mar 24  Comment 
Stock markets extended gains for a second day with BSE Sensex rising over 89 points and NSE Nifty regaining 9,100 level as banking stocks rally on Jaitley assurance of finding a solution to NPA problem soon. The 30-share BSE Sensex rose to...
The Economic Times  Mar 24  Comment 
The Nifty PSU Bank index rose over 3 per cent after Finance Minister Arun Jaitley promised a solution to the growing NPA problem within next few days.
Equitymaster  Mar 24  Comment 
Posted by Equitymaster        After opening the day on a positive note, share markets in India have continued the momentum are trading above the dotted line. Sectoral indices are trading on a mixed note with stocks in the banking...
The Economic Times  Mar 24  Comment 
In the Nifty pack, 30 stocks were trading in the green, while 20 were in the red.
Equitymaster  Mar 24  Comment 
Posted by Equitymaster        After opening the day marginally higher, Indian share markets continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the...
The Times of India  Mar 24  Comment 
INDIA-NIFTY-SENSEX-STOCK-MARKETS:Sensex rises for second day as Jaitley's comment boosts lenders
The Economic Times  Mar 24  Comment 
The NSE Nifty index was trading 29.60 points up at 9,115.90 around 10.15 am (IST).
The Hindu Business Line  Mar 24  Comment 
Domestic shares rose for a second consecutive session on Friday as lenders rallied after Finance Minister Arun Jaitley said the government would soon announce new measures to tackle bad debt, but the...
The Hindu Business Line  Mar 23  Comment 
The foreign brokerage firm earlier estimated the index level at 30,000 by September
The Economic Times  Mar 23  Comment 
The NSE Nifty index was trading 41.1 points up at 9071.55, while the BSE Sensex was up 129.44 points up at 29297.12 around the same time.




 
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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