NEW DELHI -- Software maker Infosys Technologies Ltd. was set to become the first Indian company to join an elite Nasdaq grouping when the US stock exchange opens for trading today.
The Nasdaq Stock Market is including Infosys among its top 100 companies as part of an annual revision of the Nasdaq-100.
Biotechnology company Vertex Pharmaceuticals Inc. of Cambridge, Mass., and long-haul telecommunications carrier Level 3 Communications Inc. of Broomfield, Colo., are also joining the index today.
Yesterday, Infosys said its listing on Nasdaq's benchmark index would bring more global visibility to the company, already one of India's best known brands abroad. Other Nasdaq-100 names -- chosen mostly on the basis of market worth -- include Microsoft Corp. and Google Inc.
Leaving the index are: JDS Uniphase Corp., a maker of optical telecommunications gear based in San Jose, Calif.; respiratory services provider Lincare Holdings Inc. of Clearwater, Fla.; and retailer Urban Outfitters Inc. of Philadelphia.