Dow Jones introduces two new index on the Indian market
Dow Jones & Co. introduces two new indexes - Global Dow and the index of "blue
chips" for the Indian market. This, according to the Associated Press, announced on
August 4, Rupert Murdoch (Rupert Murdoch), chairman and CEO of News Corp., Which bought
the newspaper published by The Wall Street Journal the company last year.
According to him, Global Dow will track the performance of different baskets of shares,
including securities of companies from emerging markets such as India, and such new
industries like alternative energy. A selection of those who will enter the Global Dow,
will be on the same principle as for the participants Dow Jones Industrial Average, which
tracks the 30 largest companies in the United States.
Indian index of "blue chips", to be called Dow Jones India Titans, will track
the performance of the 30 largest and most liquid stocks traded on the Bombay Stock
Exchange, Mumbai and National Stock Exchange of India in New Delhi. The five largest
companies by capitalization of such companies include Reliance Industries Ltd., Infosys
Technologies Ltd., HDFC Ltd., Bharti Airtel Ltd., And Larsen & Toubro Ltd. Among the
most prominent sectors in the new index will be finance, base metals and oil and gas.
As managing editor of The Wall Street Journal, Robert Thompson , "although we must
reflect the world market such as it is, we must also recognize the rapid growth of
companies in countries such as India." "We have already seen large Indian
companies acquiring famous brands such as Jaguar and Land Rover, but such steps - just the
beginning of a long-term trend that is fundamentally behalf of the international landscape
of corporation," - he said.
According to Murdoch, "in the coming years we will see huge capital flows from India,
and in it, and it opens up great opportunities for us as a financial-information company,
as well as for investors who want to take advantage of this promising trend."