Dow Jones launches India Titans index

By Julie A. Miller

Washington, Aug. 4 - Dow Jones Indexes is adding a blue-chip index for India to its Global Titans family.

The Dow Jones India Titans 30 Index measures the performance of the 30 largest and most liquid stocks listed on the Bombay Stock Exchange and the National Stock Exchange of India. The composition of the index is based on ranking by free-float market capitalization and 12-month average daily trading volume.

The top five companies in the index by free float market capitalization are Reliance Industries Ltd., Infosys Technologies Ltd., HDFC Ltd, Bharti Airtel Ltd. and Larsen & Toubro Ltd. The sectors most heavily represented are financials, basic materials and oil and gas.

As of July 31, Dow Jones said in a statement, India Titans 30 has gained 62.03% back tested from its base date, Dec. 31, 2005. Daily index history is available back to that same date.

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