QUOTE AND NEWS
The Economic Times  Jun 23  Comment 
The BSE Sensex closed 153 points down at 31,138, while NSE Nifty index settled 55 points lower at 9,574.
The Economic Times  Jun 23  Comment 
Shares of Tata Motors and SBI were among the biggest losers on the BSE Sensex.
The Times of India  Jun 23  Comment 
30-share BSE Sensex lost 152.53 points to finish at 31,138.21 while the broader NSE Nifty slipped 55.05 points to close at 9,574.95. Analysts owed the slump to profit booking ahead of a longer weekend as the market will stay closed on Monday on...
The Hindu Business Line  Jun 23  Comment 
Caution prevails ahead of GST launch on July 1
The Economic Times  Jun 23  Comment 
The NSE benchmark Nifty50 was trading 13.65 points, or 0.14 per cent, lower at 9,616.
The Economic Times  Jun 23  Comment 
These companies gave an average excess return of 23% over the Sensex between 2002 and 2007.
The Economic Times  Jun 22  Comment 
The S&P BSE Sensex ended the session just 7 points higher at 31,290.
The Economic Times  Jun 22  Comment 
Among the 51 components in Nifty index, 27 shares were trading in green, while 23 were in red.
Equitymaster  Jun 22  Comment 
Posted by Equitymaster        After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the IT sector and banking sector witnessing...
The Hindu Business Line  Jun 22  Comment 
Oil keeps a lid on European shares




 
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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