QUOTE AND NEWS
Equitymaster  2 hrs ago  Comment 
Posted by Equitymaster        The Indian share markets continue to trade flat with positive bias during the noon trading session tracking mixed cues from global peers. Sectoral indices are trading on a mixed note with realty, banking...
The Hindu Business Line  2 hrs ago  Comment 
Taking positive cues from global markets, domestic equity indices, both the Nifty and Sensex, opened higher in today's session. The Nifty futures contract started the session at 8,275 levels. The ...
Reuters  3 hrs ago  Comment 
REUTERS - Indian shares rose slightly on Friday, heading for their biggest weekly gain in more than three months, as additional stimulus from the European Central Bank helped offset disappointment about the Reserve Bank of India's decision to hold...
The Economic Times  3 hrs ago  Comment 
The first derivative of demonetisation is demand destruction. If you are ready to look beyond six months, then there is definitely some good news out there.
Equitymaster  4 hrs ago  Comment 
Posted by Equitymaster        After opening the day on a flat note, the Indian share markets registered marginal gains and continued to trade near the dotted line. Sectoral indices are trading on a mixed note with stocks in the FMCG...
The Times of India  5 hrs ago  Comment 
The 30-share index was trading higher by 108.98 points, or 0.40%, at 26,803.26, with sectoral indices led by IT, consumer durables, realty, capital goods, auto and metal stocks emerging as major gainers, rising by up to 1.31%.
The Economic Times  6 hrs ago  Comment 
The Nifty50 was trading around its crucial level of 8,250 supported by gains in realty, power, oil & gas, consumer durables, capital goods, and auto stocks.
The Hindu Business Line  Dec 8  Comment 
Nifty 50 December Futures (8,255) After taking positive cues from the global markets, the Nifty 50 and Sensex started the session on a firm note. Asian markets hit their one-month hig...
Reuters  Dec 8  Comment 
REUTERS - Indian shares rallied on Thursday, recovering from losses in the previous session, as investors expected the European Central Bank to extend its asset buying campaign at a policy meeting later in the day.
The Economic Times  Dec 8  Comment 
The Nifty50 reclaimed its crucial support level at 8,200 supported by gains in realty, power, consumer durables, capital goods, banks and auto stocks.




 
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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