Pursuant to the Guidelines laid down by the Index Committee of the Exchange that mandates review of the Free-Float factors of all constituents companies in SENSEX on a quarterly basis, the Exchange has reviewed the Free-Float factors based on the quarter ending March 2004 shareholding data filed. The reviewed Free-Float factors are listed in the table below:

Sr. No.	Code	Name	Existing Free Float Factor	Revised Free Float Factor	Sr. No.	Code	Name	Existing Free Float Factor	Revised Free Float Factor
1	500410	A.C.C.	0.90	0.90	16	500209	INFOSYS TECH	0.75	0.75
2	500490	BAJAJ AUTO	0.70	0.70	17	500875	ITC LTD.	0.70	0.70
3	532454	BHARTI TELE	0.20	0.20	18	500510	LARSEN & TOU	0.90	0.90
4	500103	BHEL	0.35	0.35	19	500108	MAHA.TELE	0.45	0.45
5	500087	CIPLA LTD.	0.60	0.60	20	500312	ONGC	0.15	0.15
6	500124	DR.REDDY'S	0.75	0.75	21	500359	RANBAXY LAB.	0.70	0.70
7	500300	GRASIM IND.	0.80	0.80	22	500390	RELIANCE ENERGY	0.50	0.55
8	500425	GUJ.AMB.CEM	0.70	0.70	23	500325	RELIANCE INDUST	0.55	0.55
9	500010	HDFC	0.80	0.80	24	500376	SATYAM COM	0.90	0.90
10	500180	HDFC BANK	0.80	0.80	25	500112	STATE BANK	0.45	0.45
11	500182	HERO HONDA	0.50	0.50	26	500570	TATA MOTORS	0.65	0.65
12	500696	HIND.LEVER	0.50	0.50	27	500400	TATA POWER	0.70	0.70
13	500104	HIND.PETRO	0.50	0.50	28	500470	TATA STEEL	0.75	0.75
14	500440	HINDALCO	0.80	0.80	29	507685	WIPRO LTD.	0.20	0.20
15	532174	ICICI BANK	1.00	1.00	30	505537	ZEE TELE.	0.55	0.55

The changes in the Free-Float factors (as highlighted in the table) would come into effect from May 3rd 2004.

Dr. B. R Prasad
CGM - Corporate Communications
April 28, 2004