QUOTE AND NEWS
The Hindu Business Line  6 hrs ago  Comment 
Led by escalating tensions in West Asia after Saudi Arabia and its Gulf Arab allies launched air strikes in Yemen, the Sensex and the Nifty fell over 2.2 per cent on Thursday to their lowest in mo...
The Times of India  8 hrs ago  Comment 
Both Sensex and Nifty are heading towards their lowest close since January 14.
The Hindu Business Line  8 hrs ago  Comment 
(function() { var lb24 = document.createElement('script'); lb24.type = 'text/javascript'; lb24.id = '24lbScript'; lb24.async = true; lb24.c...
The Economic Times  11 hrs ago  Comment 
"At 8400 on Nifty, which is just about 2-3 per cent lower from Wednesday's close, you should see some decent support coming in for markets."
The Times of India  Mar 26  Comment 
The benchmark BSE sensex plummeted by 215 points to slip below the 28,000-level in early trade on Thursday as participants indulged in offloading positions in view of monthly expiry in the derivatives segment amidst weak global cues.
The Economic Times  11 hrs ago  Comment 
The Economic Times  Mar 26  Comment 
The S&P BSE Sensex slipped over 200 points in trade on Thursday following rising tensions in the Middle East.
The Times of India  Mar 25  Comment 
The BSE Sensex fell to its lowest closing level in nearly two and a half months on Wednesday as caution ahead of the expiry of monthly derivatives and the end of the fiscal year hit blue-chips such as Larsen & Toubro.
The Hindu Business Line  Mar 25  Comment 
(function() { var lb24 = document.createElement('script'); lb24.type = 'text/javascript'; lb24.id = '24lbScript'; lb24.async = true; lb24.c...
Reuters  Mar 25  Comment 
The BSE Sensex fell to its lowest closing level in nearly two and a half months on Wednesday as caution ahead of the expiry of monthly derivatives and the end of the fiscal year hit blue-chips such as Larsen & Toubro.
The Hindu Business Line  Mar 25  Comment 
(function() { var lb24 = document.createElement('script'); lb24.type = 'text/javascript'; lb24.id = '24lbScript'; lb24.async = true; lb24.c...




 
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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