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Friday, June 09, 2006

New Dow Jones BRIC 50 Index

Dow Jones Indexes created BRIC index – Dow Jones BRIC 50 Index to track performance of 50 largest companies in the four countries. Fifteen companies from Brazil, India, and China and five from Russia are included in the index. Link

Indian companies included are:

Hindalco Industries Ltd., Hindustan Lever Ltd., Housing Development Finance Corp., ICICI Bank Ltd., Infosys Technologies Ltd., ITC Ltd., Larsen & Toubro Ltd., Oil & Natural Gas Corp., Reliance Industries Ltd., Satyam Computer Services Ltd., State Bank of India, Suzlon Energy Ltd., Tata Consultancy Services Ltd., Tata Motors Ltd. and Tata Steel Ltd.

“The number of components in the index is fixed at 15 each for Brazil, India and China and five for Russia to reflect the size of each market. Each component's weight is capped at 10% of the index's total free-float market capitalization. For China, only "H" shares and U.S.-listed shares of Chinese companies, such as Netease.com Inc. on the Nasdaq Stock Market, are used.”