QUOTE AND NEWS
The Economic Times  Jul 24  Comment 
The S&P BSE Sensex dropped 258.53 points, or 0.91 per cent, to settle the day at 28,112.31. The broader 50-share Nifty ended the day down, 68.25 points, or 0.79 per cent, at 8,521.55.
The Economic Times  Jul 24  Comment 
Experts say that rangebound movement is likely to continue for some more time, but bottom-up opportunities are still available.
Reuters  Jul 24  Comment 
The BSE Sensex ended nearly 1 percent lower on Friday, dragged down by ICICI Bank on concerns over its exposure to debt-laden Jaiprakash Group, while Reliance Industries fell ahead of its quarterly results later in the day.
The Times of India  Jul 24  Comment 
The benchmark BSE Sensex declined by 111 points in early trade on Friday due to selling by funds and investors on earnings concerns amid a weak trend overseas.
The Economic Times  Jul 23  Comment 
The S&P BSE Sensex was trading in a thin range on Thursday, tracking lack of directional cues from Asian markets.
The Times of India  Jul 23  Comment 
The Economic Times  Jul 23  Comment 
Sensex started on a cautious note on Thursday, led by losses in ITC, ICICI Bank, Tata Steel, HUL and ONGC.
The Economic Times  Jul 22  Comment 
Sensex ended the session up 322.79 points, or 1.15 per cent, at 28,504.93 after rallying as much as 364 points in trade today.
The Economic Times  Jul 22  Comment 
If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller.
The Economic Times  Jul 22  Comment 
Sensex slipped about 100 points in trade on Wednesday, led by losses in Infosys, HDFC Bank, Axis Bank, Tata Motors and Tata Steel.
The Times of India  Jul 21  Comment 
Major first-quarter results and the start of the monsoon session of parliament subdued the Indian equity markets, with a barometer index provisionally closing more than 230 points down on Tuesday.




 
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

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  2. Investopedia.com
  3. List of Sensex stocks
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