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Wipro in NYSE’s tech index

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CIOL Bureau
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BANGALORE: Wipro Ltd. has been included in the NYSE TMT index. This was

received by a communication from New York stock exchange (NYSE).

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The NYSE TMT index tracks the top 100 technology, media and

telecommunications stocks listed on the NYSE. The companies represented have a

market capitalization of $ 2.3 trillion, which covers 45.7 per cent of the

entire market capitalization of TMT companies globally ($5.1 trillion) and is

approximately the same size as the nearly 4,000 companies in the Nasdaq

Composite Index.

The NYSE TMT is the first index that provides a tool to track the global TMT

market with all components priced on the NYSE during US trading hours.

Commenting on Wipro’s inclusion in the NYSE TMT index, of Wipro Limited,

Corporate executive vice president-Finance, Suresh Senapaty, said, "We are

delighted to be part of this prestigious global index, which comprises of global

leaders in technology, media and telecommunication space. Inclusion in this

index is a re-affirmation of Wipro’s leadership in the technology services

market and will significantly enhance the Wipro brand."

The NYSE TMT index is one of the four indexes launched by NYSE that track the

performance of NYSE-listed companies in key market segments. The four indexes

are the NYSE US 100 (the 100 largest US companies), NYSE International 100 (the

100 largest non-US companies), NYSE TMT, and NYSE World Leaders which combines

the components of the US 100 and International 100 Indexes.

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