QUOTE AND NEWS
The Hindu Business Line  12 hrs ago  Comment 
The Nifty and the Sensex have rebounded smartly but there is a hurdle in the vicinity
The Economic Times  Aug 28  Comment 
Some of the stocks recommended by Ambit includes ITC, Coal India, Lupin, Power Grid Corp, IndusInd Bank and Page Industries.
The Times of India  Aug 28  Comment 
Building on its gains the day before, the benchmark BSE Sensex today surged 161 points to settle above the 26,000 level.
The Economic Times  Aug 28  Comment 
Continuing its winning streak, the S&P BSE Sensex rose 161.19 points, or 0.61 per cent, to settle the day at 26,392.38.
The Economic Times  Aug 28  Comment 
The Nifty surged over 100 points to reclaim its crucial psychological resistance level of 8050, supported by gains in FMCG, Pharma, IT, banks, capital goods and realty.
The Times of India  Aug 27  Comment 
India's stock markets gained more than 2 percent on Wednesday, heading for their biggest daily gains in two weeks, as upbeat global equity markets sparked a wave of bargain-hunting ahead of the expiry of derivative contracts at the end of the...
Reuters  Aug 27  Comment 
REUTERS - India's stock markets gained 2 percent on Thursday, their biggest single-day percentage gain in seven-and-a-half months, as upbeat global equity markets sparked a wave of bargain-hunting ahead of the expiry of derivative contracts.
The Times of India  Aug 27  Comment 
The benchmark BSE Sensex recovered over 455 points to cross 26,000 level in early trade while NSE Nifty crossed the 7,900 mark on short covering by participants on expiry of derivatives contracts and strong global cues.
The Hindu Business Line  Aug 27  Comment 
The Hindu Business Line  Aug 27  Comment 
The rupee strengthened to 66.04 on heavy dollar selling by banks and exporters and on the back of a rally in the domestic stock markets. Sensex finished up 516.53 points or 2.01 per cent...
The Economic Times  Aug 27  Comment 
The S&P BSE Sensex has plunged over 2,000 points in the last five trading sessions, and analysts fear further downside.




 
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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