QUOTE AND NEWS
The Economic Times  Apr 25  Comment 
Sensex slipped 115 points to settle at 34,501 while NSE's Nifty50 shed 44 points to 10,570.
The Economic Times  Apr 25  Comment 
Market fell, dragged by bank and metal stocks, as investors booked profits amid weak global cues.
The Times of India  Apr 25  Comment 
At the end of a largely range bound day, Sensex and Nifty lost almost half a per cent each. The 30-share BSE index lost 115.37 points to close at 34,501.27. The broader 50-share Nifty slipped below the 10,600-mark on losing 43.80 points.
Reuters  Apr 25  Comment 
Indian shares edged down on Wednesday, paring gains of nearly 5 percent this month, as investors booked profits amid weakened global sentiment.
The Economic Times  Apr 25  Comment 
The Nifty50 index was 29 points down at 10,586, while the BSE Sensex was 89 points down at 34,527 around 10:10 am (IST).
The Economic Times  Apr 25  Comment 
In line with global peers, the domestic equity market started on a negative note.
The Economic Times  Apr 24  Comment 
Both the benchmarks hit their respective highest levels since February 5, 2018.
Reuters  Apr 24  Comment 
Indian shares marked their highest close since Feb. 5 on Tuesday as gains in financial and energy stocks helped lift the mood, but aluminium producers such as Hindalco Industries Ltd capped the gains on the NSE.
The Hindu Business Line  Apr 24  Comment 
Nifty 50 April Futures (10,584)Domestic benchmark indices, the Nifty as well as Sensex, started the session with a gap-up open, taking cues from posit




 
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

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  2. Investopedia.com
  3. List of Sensex stocks
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