As we Know there are 30 companies in BSE SENSEX, I want to know How 30 companies are selected to form SENSEX ??
Pls Reply as soon as possible..
2 Replies
Sageer Kanneth
(CA)
(38 Points)
Replied 15 February 2012
If you question is how the BSE index are calculated, it is based on free float capitalization method. In simple term, Market price of the share of each companies in sens*x multiplied by the number of shares available in market (Excluding promoters/govt share). The resultant number should be devided by previous day free float market capitalisation.
The above calculation will give the percentage increase in index. Apply this percentage on your previous day index number will give you the current index number.
Anubhav Jain
(busy)
(734 Points)
Replied 16 February 2012
Respected Sageer Sir,
First of all thanks for the reply but my Question is About Selection of 30 Comapnies.. means how 30 companies are selected to be entered in BSE SENSEX..??
Pls Reply Soon
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