Murdoch launches the Dow Jones India Titans 30 Index

In what is seen to be a direct taunt to the Sensex and the Nifty,Rupert Murdoch of the News Corporation Group launched a Dow Jones ” blue chip index”  in Mumbai yesterday

This Index is the Dow Jones India Titans 30 Index and will measure the performance of the 30 largest and most liquid companies on the BSE and NSE.The Ranking and Composition will be based on the free float market capitalisation and the 12 month average daily trading volumes

The three biggest sectors represented in the Index are Financials,Basic Materials,Oil and Gas

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