QUOTE AND NEWS
SeekingAlpha  21 min ago  Comment 
By Shiv Kapoor: August is now behind us. The Sensex closed July up 1.89%, and built up the quarter-to-date gain for the two months ended 8/31/14 to 4.82%. The Sensex bull rages onwards. Last year at about this time (8/21/13) the Sensex languished...
The Economic Times  4 hrs ago  Comment 
The 30-share Sensex settled at 26,867.55 new closing high with a gain of 229.44 points or 0.86 per cent over the previous close.
MarketWatch  4 hrs ago  Comment 
The Sensex rises 0.9% after data signals improving prospects for the south Asian economy.
The Economic Times  8 hrs ago  Comment 
Analysts are not ruling out the fact that we might witness some bit of correction before the Sensex and the Nifty continue their upward journey.
The Hindu Business Line  Sep 1  Comment 
Metal, capital goods stocks hog the limelight
The Hindu Business Line  Aug 31  Comment 
The combined market valuation of five of the top-10 blue-chip Sensex companies surged by Rs 31,164.67 crore last week. While TCS, ONGC, RIL, ITC and ICICI Bank saw gains in their market...
The Economic Times  Aug 30  Comment 
Indian markets shrugged off the Supreme Court's ruling on coal block allocations, though it triggered a wave of selling, especially in metal shares.
The Economic Times  Aug 28  Comment 
"Can Sensex touch 100K in 10 years? that is, if I calculate rightly, roughly 15% per annum, it is not unreasonable expectation over a long period."
The Hindu Business Line  Aug 28  Comment 
Sensex closed almost flat with a gain of 78 points on expectations of better GDP data that is scheduled to be announced after the market hours. The market witnessed a bout of volatility...




 
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

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References

  1. You must specify title = and url = when using {{cite web}}..
  2. Investopedia.com
  3. List of Sensex stocks
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