Wednesday, February 20, 2008

some companies in sensex

Code ↓ Name ↓ Sector ↓ Adj. Factor ↓

500410

ACC

Housing Related

0.60

500425

Ambuja Cements Ltd

Housing Related

0.65

500490

Bajaj Auto

Transport Equipments

0.65

500103

BHEL

Capital Goods

0.35

532454

Bharti Airtel

Telecom

0.35

500087

Cipla

Healthcare

0.65

500124

DLF Ltd**

Construction

0.75

532868

Grasim Industries

Diversified

0.75

500010

HDFC

Finance

0.90

500180

HDFC Bank

Finance

0.80

500440

Hindalco Industries

Metal, Metal Products & Mining

0.70

500696

Hindustan Lever Limited

FMCG

0.70

532174

ICICI Bank

Finance

1.00

500209

Infosys

Information Technology

0.85

500875

ITC Limited

FMCG

0.70

500510

Larsen & Toubro

Capital Goods & Construction.

0.90

500520

Mahindra & Mahindra Limited

Transport Equipments

0.80

532500

Maruti Udyog

Transport Equipments

0.45

532555

NTPC

Power

0.15

500312

ONGC

Oil & Gas

0.20

500359

Ranbaxy Laboratories

Healthcare

0.70

532712

Reliance Communications

Telecom

0.35

500390

Reliance Energy

Power

0.70

500325

Reliance Industries

Oil & Gas

0.50

500376

Satyam Computer Services

Information Technology

0.95

500112

State Bank of India

Banking & Finance

0.45

532540

Tata Consultancy Services

Information Technology

0.20

500570

Tata Motors

Transport Equipments

0.60

500470

Tata Steel

Metal, Metal Products & Mining

0.70

507685

Wipro

Information Technology

0.20

replaced companies

History of replacement of scrips in SENSEX

Date

Outgoing Scrips

Replaced by

01.01.1986

Bombay Burmah

Voltas

Asian Cables

Peico

Crompton Greaves

Premier Auto.

Scinda

G.E.Shipping

03.08.1992

Zenith Ltd.

Bharat Forge

19.08.1996

Ballarpur Inds.

Arvind Mills

Bharat Forge

Bajaj Auto

Bombay Dyeing

BHEL

Ceat Tyres

BSES

Century Text.

Colgate

GSFC

Guj. Amb. Cement

Hind. Motors

HPCL

Indian Organic

ICICI

Indian Rayon

IDBI

Kirloskar Cummins

IPCL

Mukand Iron

MTNL

Phlips

Ranbaxy Lab.

Premier Auto

State Bank of India

Siemens

Steel Authority of India

Voltas

Tata Chem

16.11.1998

Arvind Mills

Castrol

G. E. Shipping

Infosys Technologies

IPCL

NIIT Ltd.

Steel Authority of India

Novartis

10.04.2000

I.D.B.I

Dr. Reddy’s Laboratories

Indian Hotels

Reliance Petroleum

Tata Chem

Satyam Computers

Tata Power

Zee Telefilms

08.01.2001

Novartis

Cipla Ltd.

07.01.2002

NIIT Ltd.

HCL Technologies

Mahindra & Mahindra

Hero Honda Motors Ltd.

31.05.2002

ICICI Ltd.

ICICI Bank Ltd.

10.10.2002

Reliance Petroleum Ltd.

HDFC Ltd.

10.11.2003

Castrol India Ltd.

Bharti-Tele-Ventures Ltd.

Colgate Palomive (India) Ltd.

HDFC Bank Ltd.

Glaxo Smithkline Pharma. Ltd.

ONGC Ltd.

HCL Technologies Ltd.

Tata Power Company Ltd.

Nestle (India) Ltd.

Wipro Ltd.

19.05.2004

Larsen & Toubro Ltd.

Maruti Udyog Ltd.

27.09.2004

Mahanagar Telephone Nigam Ltd.

Larsen & Toubro Ltd.

06.06.2005

Hindustan Petroleum Corp Ltd.

National Thermal Power Corpn. Ltd.


Zee Telefilms Ltd.

Tata Consultancy Services Ltd.

12.06.2006

Tata Power Ltd.

Reliance Communiation Ventures Ltd.

09.07.2007

Hero Honda Motors Ltd.

Mahindra & Mahindra Ltd.

19.11.2007

Dr. Reddy's Laboratories Ltd.

DLF Ltd.

crashes since 2006

Major crashes since 2000

May 2006

On May 22, 2006, the Sensex plunged by 1100 points during intra-day trading, leading to the suspension of trading for the first time since May 17, 2004. The volatility of the Sensex had caused investors to lose Rs 6 lakh crore ($131 billion) within seven trading sessions. The Finance Minister of India, P. Chidambaram, made an unscheduled press statement when trading was suspended to assure investors that nothing was wrong with the fundamentals of the economy, and advised retail investors to stay invested. When trading resumed after the reassurances of the Reserve Bank of India and the Securities and Exchange Board of India (SEBI), the Sensex managed to move up 700 points, still 450 points in the red.

The Sensex eventually recovered from the volatility, and on October 16, 2006, the Sensex closed at an all-time high of 12,928.18 with an intra-day high of 12,953.76. This was a result of increased confidence in the economy and reports that India's manufacturing sector grew by 11.1% in August 2006.

Effects of the subprime crisis in the US

On July 23, 2007, the Sensex touched a new high of 15,733 points. On July 27, 2007Foreign Institutional Investors and global cues to come back to 15,160 points by noon. Following global cues and heavy selling in the international markets, the BSE Sensex fell by 615 points in a single day on August 1, 2007.

Participatory notes issue

On October 16, 2007, SEBI (Securities & Exchange Board of India) proposed curbs on participatory notes which accounted for roughly 50% of FII investment in 2007. SEBI was not happy with P-notes because it was not possible to know who owned the underlying securities, and hedge funds acting through P-notes might therefore cause volatility in the Indian markets.

However the proposals of SEBI were not clear and this led to a knee-jerk crash when the markets opened on the following day (October 17, 2007). Within a minute of opening trade, the Sensex crashed by 1744 points or about 9% of its value - the biggest intra-day fall in Indian stock markets in absolute terms till then. This led to automatic suspension of trade for 1 hour. Finance Minister P. Chidambaram issued clarifications, in the meantime, that the government was not against FIIs and was not immediately banning PNs. After the market opened at 10:55 AM, the index staged a comeback and ended the day at 18715.82, down 336.04 from the last day's close.

This was, however not the end of the volatility. The next day (October 18, 2007), the Sensex tumbled by 717.43 points — 3.83 per cent — to 17998.39. The slide continued the next day when the Sensex fell 438.41 points to settle at 17559.98 at the end of the week, after touching the lowest level of that week at 17226.18 during the day.

After detailed clarifications from the SEBI chief M. Damodaran regarding the new rules, the market made a 879-point gain on October 23, thus signalling the end of the PN crisis.

January 2008

In the third week of January 2008, the Sensex experienced huge falls along with other markets around the world. On 21 January 2008, the Sensex saw its highest ever loss of 1,408 points at the end of the session. The Sensex recovered to close at 17,605.40 after it tumbled to the day's low of 16,963.96, on high volatility as investors panicked following weak global cues amid fears of a recession in the US.

The next day, the BSE Sensex index went into a free fall. The index hit the lower circuit breaker in barely a minute after the markets opened at 10 AM. Trading was suspended for an hour. On reopening at 10.55 AM IST, the market saw its biggest intra-day fall when it hit a low of 15,332, down 2,273 points. However, after reassurance from the Finance Minister of India, the market bounced back to close at 16,730 with a loss of 875 points.[2]

Over the course of two days, the BSE Sensex in India dropped from 19,013 on Monday morning to 16,730 by Tuesday evening or a two day fall of 13.9%.

bse sensex

The BSE Sensex or Bombay Stock Exchange Sensitive Index or BSE 30 is a value-weighted index composed of 30 stocks with the base April 1979 = 100. It consists of the 30 largest and most actively traded stocks, representative of various sectors, on the Bombay Stock Exchange. These companies account for around one-fifth of the market capitalization of the BSE.

The base value of the Sensex is 100 on April 1, 1979, and the base year of BSE-SENSEX is 1978-79.

At irregular intervals, the Bombay Stock Exchange (BSE) authorities review and modify its composition to make sure it reflects current market conditions.

The index has increased by over ten times from June 1990 to today. Using information from April 1979 onwards, the long-run rate of return on the BSE Sensex works out to be 18.6% per annum, which translates to roughly 9% per annum after compensating for inflation.