BSE SENSEX

The Sensex has a very important function. The Sensex is supposed to be an indicator of the stocks in the BSE. It is supposed to show whether the stocks are generally going up, or generally going down.

To show this accurately, the Sensex is calculated taking into consideration stock prices of 30 different BSE listed companies. It is calculated using the “free-float market capitalization” method. This is a world wide accepted method as one of the best methods for calculating a stock market index.

Please note: The method used for calculating the Sensex and the 30 companies that are taken into consideration are changed from time to time. This is done to make the Sensex an accurate index and so that it represents the BSE stocks properly.


Market capitalization-
You probably think that you have never heard of the term “market capitalization” before. You have! When you are talking about “mid-cap”, “small-cap” and “large-cap” stocks, you are talking about market capitalization!

Market cap or market capitalization is simply the worth of a company in terms of it’s shares! To put it in a simple way, if you were to buy all the shares of a particular company, what is the amount you would have to pay? That amount is called the “market capitalization”!

Many different types of investors hold the shares of a company! The Govt. may hold some of the shares. Some of the shares may be held by the “founders” or “directors” of the company. Some of the shares may be held by the FDI’s etc. etc!

Now, only the “open market” shares that are free for trading by anyone, are called the “free-float” shares. When we are calculating the Sensex, we are interested in these “free-float” shares!

A particular company, may have certain shares in the open market and certain shares that are not available for trading in the open market.

According the BSE, any shares that DO NOT fall under the following criteria, can be considered to be open market shares:
• Holdings by founders/directors/ acquirers which has control element
• Holdings by persons/ bodies with "controlling interest"
• Government holding as promoter/acquirer
• Holdings through the FDI Route
• Strategic stakes by private corporate bodies/ individuals
• Equity held by associate/group companies (cross-holdings)
• Equity held by employee welfare trusts
• Locked-in shares and shares which would not be sold in the open market in normal course.

A company has to submit a complete report about “who has how many of the company’s shares” to the BSE. On the basis of this, the BSE will decide the “free-float factor” of the company. The “free-float factor” is a very valuable number! If you multiply the "free-float factor" with the “market cap” of that company, you will get the “free-float market cap” which is the value of the shares of the company in the open market!
A simple way to understand the “free-float market cap” would be, the total cost of buying all the shares in the open market!

So, having understood what the “free float market cap” is, now what? How do you find out the value of the Sensex at a particular point? Well, it’s pretty simple….
First: Find out the “free-float market cap” of all the 30 companies that make up the Sensex!

Second: Add all the “free-float market cap’s” of all the 30 companies!

Third: Make all this relative to the Sensex base. The value you get is the Sensex value!

The “third” step probably confused you. To understand it, you will need to understand “ratios and proportions” from 5th standard mathematics. Think of it this way:

Suppose, for a “free-float market cap” of Rs.100,000 Cr... the Sensex value is 4000…
Then, for a “free-float market cap” of Rs.150,000 Cr... the Sensex value will be..

So, the Sensex value will be 6000 if the “free-float market cap” comes to Rs.150,000 Cr!

Please Note: Every time one of the 30 companies has a “stock split” or a "bonus" etc. appropriate changes are made in the “market cap” calculations.

Now, there is only one question left to be answered, which 30 companies, why those 30 companies, why no other companies?

The 30 companies that make up the Sensex are selected and reviewed from time to time by an “index committee”. This “index committee” is made up of academicians, mutual fund managers, finance journalists, independent governing board members and other participants in the financial markets.

The main criteria for selecting the 30 stocks is :
Market capitalization: The company should have a market capitalization in the Top 100 market capitalization’s of the BSE. Also the market capitalization of each company should be more than 0.5% of the total market capitalization of the Index.

Trading frequency: The company to be included should have been traded on each and every trading day for the last one year. Exceptions can be made for extreme reasons like share suspension etc.

Number of trades: The scrip should be among the top 150 companies listed by average number of trades per day for the last one year.

Industry representation: The companies should be leaders in their industry group.

Listed history: The companies should have a listing history of at least one year on BSE.

Track record: In the opinion of the index committee, the company should have an acceptable track record.
Having understood all this, you now know how the Sensex is calculated.

Walk-In on 13th March 2010

Walk-in on 13th March,2010 for Trainee - Software EngineerVyom Labs Pvt. Ltd


Conducting the preliminary tests & interviews on 13th March,2010, Saturday. Below find the schedule and venue.



Interview Date and Day: 13th March,2010, Saturday



Interview Time: 9.15 AM / 11.00 AM / 12:45 PM / 3.00 PM/4:30 PM



Contact Person: Sushmita Mahapatra



Venue : Vyom Labs Pvt Ltd.

173/4, Near Dutt Mandir

Aditi Samruddhi, 1st Floor,

Baner Road,

Baner - Pune



Note: Need to register yourself for a particular time slot mentioned above by sending confirmation to sushmita.mahapatra@vyomlabs.com or the registration will be considered as cancelled.

Job Description

Position: Trainee- Software Engineer


Education: Computer Science Graduates 0f 2008 or before, Passout or Last Year MCA, MCM, PGDIT, MBA IT/Systems, M.Sc (Comp Science), M.E/M.Tech (Comp Science)


Exp: Fresher

Skills Required

- Strong programming skills in Java / C

- Good aptitude skills

- Very good communication skills

- Willingness to relocate if required.



Job Profile:

The selected candidates will be working on BMC / CA / HP / IBM/ ITSM / BSM related technologies for software development, Implementation and Support.


Keywords: Java, C
Company Profile
Vyom Labs offers -ITSM services encompassing ITIL / ISO 20000 Consulting and BMC BSM. iWareLogic, a subsidiary of Vyom Labs is consulting firm and Oracle Partner services clients in Siebel, Oracle eBusiness Suite, Peoplesoft.

Vyom group of companies are:

Vyom Labs Pvt. Ltd.

Vyom Software Exports Pvt. Ltd.

iWare Logic Technologies Pvt. Ltd.

Contact Details
Company Name: Vyom Labs Pvt. Ltd
Website: http://www.vyomlabs.com
Executive Name: Sushmita Mahapatra
Address: Baner Road PUNE

Realty Developers and Budget

Realty developers not pleased at many Budget details

There are devils in the real estate sector. Though the Budget gave some hope to home buyers in the form of tax savings and less interest rate.

The Budget announced a maximum tax savings of Rs 20,000 for those earning an annual income up to Rs 5 lakh and up to Rs 50,000 for those earning up to Rs 8 lakh. This additional income is likely to find its way towards buying homes.

This Budget also extended the interest rate subvention on a housing loan up to Rs 10 lakh where the house price is up to Rs 20 lakh, announced in the earlier Budget, to March 31, 2011. But, many developers are unimpressed. “Overall, home sales may go up, but there is no incentive for developers to launch more affordable housing projects.

However, the hotel industry gave a thumbs-up to the finance minister’s move to give investment-linked deduction to new hotels in two-star or above categories.
It’s a good measure that will boost investment in the tourism sector, with high employment potential. Also, the fact that the benefit is made available to hotels across the board will boost investment in all categories.

Hiring Trends in IT Organisation

Companies are hiring talent from competitive market.They plan to utilize the resources fully.

1: High Salary

Despite the fact that many employers are looking for ways to cut costs, they don't reduce the salaries as a way to do so. Employers plan to increase pay for existing employees and offering competitive price for talent.

2: Flexible work arrangements

Companies are catching on to the flexible work arrangements that allow employees more freedom in the office.

3: Recruitment tools

As employers slow down on hiring, recruitment budgets shrink as well. As a result, more employers are using the Internet as an employment medium. they will spend money on the various models: online recruitment sites; newspaper ; career fairs ; staffing firms and recruiters ; and social networking sites .

4: Retaining retirees

Employers are looking at ways to retain the seniors and experienced professionals;

5: Diversity recruitment

Hiring managers will also focus recruitment efforts on employing diverse workers. Employers plan to hire different geographic locations.

6: Freelance or contract hiring

To continue their cost-cutting efforts, employers are using freelance or contract workers to help support their businesses.

QA Lead Interviews on 6th March - EMPTORIS

We are looking for QA Lead / Associate QA Lead for our Pune Location.

PFB Job Requirement for your reference.

6+ years experience in Software testing
Good understanding of software testing concepts
Good understanding of Web based applications architecture & testing
Should have experience in installing & deploying web based applications/data base servers and doing basic trouble shooting
Ability to write SQL queries
Good understanding of test planning / test strategy
Excellent written & verbal communication skills
Experience in handling small teams
Prior experience in test Automation/development preferred


Roles & responsibilities:


Should be able to guide the team members functionally & technically
Should understand the requirements fully and initiate discussions with concerned people to seek clarifications on unclear/unspecified requirements
Should do the impact analysis of the changed requirements
Should be doing test planning which includes tasks assigned to the team as well as independent testing assignments.
Defect management which includes logging, reviewing bugs & expediting the bug fixing
Should be able to setup & maintain the test environment which includes installing/configuring database/web server on windows/UNIX, installing & deploying the application and doing trouble shooting when required
Should be able to design / understand Test strategy and create test cases and test data accordingly
Maintaining and keeping up to date, all the testing related documents
Tracking the progress of self & team members (for the current project)
Should be able to identify and suggest areas for test automation



Kindly send updated resume with following details

Current CTC:

Expected CTC:

Notice Period:


Best Regards,

Shekhar Prasad
HR - Emptoris, Inc.

Pune IT Park | 34 Aundh Road | Bhau Patil Marg| Pune 411020 |
Office: +91 20 30239400 |
www.emptoris.com