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New York - With Bombay Stock Exchange's 30-share benchmark index, Sensex, scaling new peaks in the past few weeks, the US-based Nasdaq Stock market saluted India's festive spirit by displaying a huge message announcing Diwali - the festival of lights – which will be celebrated across India on October 21.
The message on Nasdaq's seven-story tower displayed on its electronic display screen, Wednesday, said "Nasdaq Celebrate the Indian festival Diwali October 21, 2006" in huge letters marking the importance of Indian bourses in the developed countries.
On 16 October the Sensex touched a new high closing at 12,928 points. The well-displayed message on Nasdaq Tower at Times Square was demonstrative of how Indian bourses were becoming attractive for global investors.
According to analysts, the world's most cited market index is celebrating Diwali by lighting up its building in Indian colours amid the razzle-dazzle of Times Square, part of the increasing attention towards India and its economic and cultural advance in this part of the world.
Both the Sensex and Nasdaq are close to achieving milestones this week — Sensex with 13000 and Nasdaq with 12000.
Community leaders are hoping the Empire State Building, which has been lit up in Indian colours for Independence Day and Diwali in the past, will follow suit.
Don't expect the expected from Dibakar Banerjee.
A top Indian policy adviser on Wednesday said the Reserve Bank of India (RBI) sh...
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