QUOTE AND NEWS
The Economic Times  10 hrs ago  Comment 
Broader markets failed to hold onto gains as BSE Smallcap and Midcap lost around 60 points each.
The Times of India  10 hrs ago  Comment 
The 30-share BSE Sensex gained 33 points to end trading on 31,291.85 while the broader 50-share NSE Nifty finished at 9,765.55, up by a marginal 11.20 points. The markets had opened on a positive note on the back of healthy global and Asian cues...
The Economic Times  12 hrs ago  Comment 
Better-than-expected earnings and news developments lifted some of these stocks.
Reuters  Aug 22  Comment 
REUTERS - Indian shares ended with marginal gains on Tuesday, as markets remained range-bound with investors keeping to the sidelines due to a lack of triggers.
The Hindu Business Line  Aug 22  Comment 
Investors stay on the sidelines in the absence of clear triggers
The Economic Times  Aug 22  Comment 
The range of 9,850-9,884 will now act as a key resistance zone for Nifty, experts said.
The Economic Times  Aug 21  Comment 
Broader markets plunged over 1 per cent each as BSE Midcap index lost 221 points.
The Times of India  Aug 21  Comment 
The Infosys stock once again faltered as it lost more than 5.50 per cent on both the indices. The IT giant's stock has come down by 15 per cent in the last two days of trading. Weak global cues also contributed towards the markets cutting a sorry...
The Economic Times  Aug 21  Comment 
In the Nifty50 pack, 26 stocks were trading in green, while 25 stocks were in red.
Reuters  Aug 21  Comment 
REUTERS - Indian shares ended lower on Monday, with market heavyweight Infosys Ltd extending losses for a second session following Vishal Sikka's resignation as the chief executive officer and managing director of the company on Friday.




 
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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