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Jan 12, 2008

What is BSE Sensex? What constitutes Sensex?

SENSEX (Sensitive Index) is the India's most popular stock market index developed by Bombay Stock Exchange (BSE) in 1986. SENSEX has 30 constituent stocks representing a sample of large, liquid and representative companies. The base year of SENSEX is 1978-79 and the base value is 100.

The Index was initially calculated based on the "Full Market Capitalization" methodology but was shifted to the free-float methodology with effect from September 1, 2003. The level of index at any point of time reflects the Free-float market value of 30 component stocks relative to a base period.

The selection of constituents in SENSEX is based on several factors including the listed history, trading frequency, rank based on market capitalization and liquidity, industry representation, etc.

The index is reviewed every quarter and in the case of a revision in the Index constituents, the announcement of the change is made at least six weeks in advance of the actual change.

The present constituents of SENSEX are:

Name Industry
ACC Ltd. Cement
Ambuja Cements Ltd. Cement
Bajaj Auto Ltd. Automobile - 2/3 wheeler
Bharat Heavy Electricals Ltd. Electrical Equipment
Bharti Airtel Ltd. Telecommunication
Cipla Ltd. Pharmaceuticals
DLF Ltd. Construction
Grasim Industries Ltd. Cement
HDFC Finance - Housing
HDFC Bank Ltd. Banking
Hindalco Industries Ltd. Aluminium
Hindustan Unilever Ltd. Diversified
ICICI Bank Ltd. Banking
Infosys Technologies Ltd. Softwares
ITC Ltd. Diversified
Larsen & Toubro Limited Engineering
Mahindra & Mahindra Ltd. Automobiles - 4 wheelers
Maruti Suzuki India Ltd. Automobiles - 4 wheelers
NTPC Ltd. Power
ONGC Ltd. Oil Exploration/Production
Ranbaxy Laboratories Ltd. Pharmaceuticals
Reliance Communications Limited Telecommunication
Reliance Energy Ltd. Power
Reliance Industries Ltd. Diversified
Satyam Computer Services Ltd. Softwares
State Bank of India Banking
Tata Consultancy Services Limited Softwares
Tata Motors Ltd. Automobiles - 4 wheelers
Tata Steel Ltd. Steel
Wipro Ltd. Softwares



The weightage and market capitalization of the constituents of Nifty as on 11 January 2008 are shown below:

Name Free-Float Market Capitalization (Rs. Crores) Weight in Sensex (%)
ACC Ltd. 10,105.36 0.72
Ambuja Cements Ltd. 12,685.74 0.9
Bajaj Auto Ltd. 16,555.77 1.17
Bharat Heavy Electricals Ltd. 64,149.25 4.55
Bharti Airtel Ltd. 41,721.91 2.96
Cipla Ltd. 10,316.99 0.73
DLF Ltd. 30,585.98 2.17
Grasim Industries Ltd. 23,225.91 1.65
HDFC 72,575.42 5.15
HDFC Bank Ltd. 49,869.91 3.54
Hindalco Industries Ltd. 17,386.76 1.23
Hindustan Unilever Ltd. 24,753.83 1.75
ICICI Bank Ltd. 157,659.91 11.18
Infosys Technologies Ltd. 76,723.99 5.44
ITC Ltd. 58,650.90 4.16
Larsen & Toubro Limited 109,360.09 7.75
Mahindra & Mahindra Ltd. 15,231.08 1.08
Maruti Suzuki India Ltd. 12,982.17 0.92
NTPC Ltd. 33,678.60 2.39
ONGC Ltd. 55,905.85 3.96
Ranbaxy Laboratories Ltd. 10,326.60 0.73
Reliance Communications Limited 57,241.77 4.06
Reliance Energy Ltd. 37,925.18 2.69
Reliance Industries Ltd. 227,361.54 16.12
Satyam Computer Services Ltd. 26,113.26 1.85
State Bank of India 57,722.49 4.09
Tata Consultancy Services Limited 24,197.37 1.72
Tata Motors Ltd. 17,635.05 1.25
Tata Steel Ltd. 43,674.83 3.1
Wipro Ltd. 14,190.08 1.01
TOTAL 1,410,513.59 100%

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