QUOTE AND NEWS
Reuters  33 min ago  Comment 
REUTERS - Indian shares swung between gains and losses on Thursday, tracking muted regional stock markets, as concerns over the global central banks' ability to stimulate growth continued to hurt risk-appetite.
The Times of India  2 hrs ago  Comment 
The Hindu Business Line  2 hrs ago  Comment 
The Sensex and Nifty were trading near flat due to weak Asian cues. At 11.40 a.m., the 30-share BSE index Sensex was up 6.17 points or 0.02 per cent at 28,378.40 and the 50-share NSE index Nifty w...
The Economic Times  3 hrs ago  Comment 
Nifty50 futures on the Singapore Stock Exchange were trading 34 points lower at 8,735, indicating a negative opening for the domestic market.
The Economic Times  Sep 14  Comment 
The S&P BSE Sensex, which opened at 28,345 against the previous day’s close of 28,353, hit an intraday high of 28,416 and a low of 28,259.
Reuters  Sep 14  Comment 
Indian shares snapped a two-session losing streak to close slightly higher on Wednesday, led by a recovery in bank stocks, but sentiment remained weak on concerns over the ability of global central banks to prop up growth.
The Hindu Business Line  Sep 14  Comment 
The Sensex and Nifty snapped a two-session losing streak to close slightly higher on Wednesday, led by a recovery in bank stocks, but the sentiment remained weak on concerns over the ability of globa...
The Economic Times  Sep 14  Comment 
The Nifty50 was trading above its crucial support level of 8,700 supported by gains in realty, IT, oil & gas, consumer durables, and banking stocks.
The Economic Times  Sep 13  Comment 
On Monday, the NSE Nifty dropped 1.70 percent, while the BSE Sensex fell 1.54 percent.




 
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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