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Nasdaq celebrates Indian Independence Day
The Nasdaq stock exchange has celebrated India’s 71 Independence Day with Sandeep Chakravorty, India’s New York Consul General, ringing the opening bell.
The financial sector was the most important determinant of “the incredible” India-US economic partnership and “in this the role of Nasdaq is critical,” he said.
Five companies with a strong presence in India that have a combined market capitalisation of over $40 billion are listed on the exchange, Nasdaq Vice President Joe Brantuk said at the ceremony. The is the eighth year that Nasdaq, home to several high-tech powerhouses like Microsoft, Facebook and Google parent Alphabet, celebrated August 15.
The Nasdaq index finished the day up 12.10 points or 0.19 per cent. “We consider the US an important partner in our flagship programmes such as ‘Make in India’, ‘Digital India’ and ‘Startup India’ for bringing about inclusive social and economic changes,” he added.
One of the India-related companies listed on the exchange, Cognizant, “is a member of the Nasdaq 100 Index, one of the most prestigious and widely followed indices in the world,” he said.