Indian Shares

The Indian Oil Company (IOC) is to sell the less than 10% stake that it holds in India's Oil and Natual Gas Company (ONGC), subject to government approval. This news follows the Indian governments indication in November that it was happy for Indian energy companies to sell here cross-holdings in each other.

"The economy of India is the fourth-largest in the world as measured by purchasing power parity (PPP), with a GDP of US $3.36 trillion when measured in USD exchange-rate terms, it is the tenth largest in the world, with a GDP of US $691.87 billion (2004). India was the second fastest growing major economy in the world, with a GDP growth rate of 8.1% at the end of the first quarter of 2005–2006"

Source: WikiPedia

Some of India's biggest companies have dual listings on the Bombay Stock Exchange (BSE) and other stock exchanges like the National Stock Exchange of India (NSE). These companies include:

• ONGC - Oil and Natural Gas Company
• State Bank of India Group
• Indian Oil Corporation
• Reliance Industries Limited
• National Thermal Power Corporation

Other stocks trade on the US Markets:

• Wipro (WIT)
• InfoSys (INFY)