The S & P Bombay Stock Exchange Sensitive Index, which is called BSE 30 or Bus Sensex, is a free-float market-weighted stock market index of the 30 well-established and financially good companies listed on the Bombay Stock Exchange. 30 component companies which are the largest and most actively traded stocks, are representatives of various industrial sectors of the Indian economy. The original value of S & P BSE Sensex has been taken on 1st April 1979 on the basis of 100 and 9978-79. On July 25, 2001, BSE launched Dollex-30, a dollar-linked edition of the S & P BSE Sensex.
BSE has some reviews and revises its structure to ensure that it reflects current market conditions. The index is calculated based on a free float capitalization method, which is different from the market capitalization method. Rather than using outstanding shares of a company, it uses its float or shares which are easily available for business. Free floating capital means the total capitalization shareholding of the lesser directors. At any point of time, the index level shows the free float market value of 30 component stocks relative to the base period. The market capitalization of the company is determined by multiplying the value of its stock by the number of shares issued by corporate works, the replacement of the scrips.
BSE transmits information on the value-earning ratio, book ratio, and dividend yields of all major indices on a day-by-day basis. Prices of all BSE indices are updated on real-time basis during market hours and are displayed through BOLT system, BSE website and news channel. All BSE indices are reviewed from time to time by BSE Index Committee. This committee, which includes reputable independent finance professionals, prepares comprehensive policy guidelines for the development and maintenance of all the BSE indices.
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