QUOTE AND NEWS
The Economic Times  2 hrs ago  Comment 
The 50-share Nifty index also managed to reclaim its crucial psychological level of 8250, supported by gains in IT, metals, power and consumer durable stocks.
Reuters  2 hrs ago  Comment 
BSE Sensex up 1.3 percent, while the Nifty gains 1.2 percent.
The Times of India  4 hrs ago  Comment 
Extending its rise for the second straight session, the benchmark BSE sensex spurted by over 314 points in early trade today on firming global trend after the US Fed gave indication of holding interest rate hike in the short-term.
The Times of India  Dec 18  Comment 
The benchmark BSE Sensex surged by 416 points to close above 27,000 level while the wider Nifty reclaimed 8,100 mark on Thursday on value buying after recent sharp falls and hopes on tax reforms as the Cabinet cleared the long-pending GST bill.
Commodity Online  Dec 18  Comment 
The Economic Times  Dec 18  Comment 
Indian shares and bonds also benefited as Russia's rouble stabilised, reducing some of the fears of financial contagion to emerging markets.
Reuters  Dec 18  Comment 
The BSE Sensex and Nifty rose 1.6 percent on Thursday to snap a five-session losing streak as blue-chips including ICICI Bank surged as a rally in global markets and the cabinet's nod to a nationwide sales tax bill led to unwinding of short...
The Hindu Business Line  Dec 17  Comment 
Make in India initiative to boost earnings
The Economic Times  Dec 17  Comment 
Although the Sensex has outperformed peers in China and Brazil this year, a slowdown in the Chinese economy could hurt stocks globally.
The Times of India  Dec 17  Comment 
Continuing to decline for the fifth consecutive session, the benchmark BSE Sensex fell by over 117 points in early trade on Wednesday.




 
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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