QUOTE AND NEWS
The Economic Times  2 hrs ago  Comment 
BSE Sensex declined 150 points, or 0.66%, to end the day at 22,359.50, while the Nifty slipped 42 points to 6,694.35.
Reuters  12 hrs ago  Comment 
Reuters Market Eye - A record-setting rally in the BSE Sensex is running out of gas as the country kicks off a five-week election process on Monday.
The Times of India  Apr 4  Comment 
Sensex on Friday fell further by 149 points on sustained selling by funds in auto and IT stocks, judging the recent rally an overdone.     
The Hindu Business Line  Apr 4  Comment 
After falling on Thursday, equity benchmarks continued to slide for a consecutive day on Friday on the back of profit booking. The benchmark Sensex closed at 22,360 down 150 points or 0.6...
The Economic Times  Apr 4  Comment 
The 50-share Nifty breached its psychological support level of 6700 on the downside in trade weighed down by losses in banking and capital goods stocks.
The Economic Times  Apr 4  Comment 
Nifty slipped below psychological level of 6,700 on back of selling visible in ICICI Bank, HDFC, ONGC and L&T, however IT stocks managed to hold the ground.
Reuters  Apr 4  Comment 
The BSE Sensex posted its biggest fall in a month, ending down for a second consecutive session and continuing to retreat from the record high hit in the previous session as investors pared positions in blue chips such as Reliance Industries.
The Economic Times  Apr 4  Comment 
Tracking the momentum, the 50-share Nifty index also turned negative weighed down by losses in banks, capital goods, oil & gas and power stocks.
The Hindu Business Line  Apr 4  Comment 
The Sensex and the Nifty opened the session marginally in the red due to fresh selling by funds and retail investors in select stocks amid mixed Asian cues. At 9.15 a.m., the 30-share BS...




 
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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