NEW YORK, NY (TIP): Ambassador Prabhu Dayal, Consul General of India, rang the Opening Bell at NASDAQ in celebration of India’s 64th Republic Day January 23. Present on the occasion were a number of Indian Americans, including State Bank of India County Head Mr. Chandramouli, Bank of India CE for North America, Mr. B.B. Joshi,and SBI New York CE Mr. Verma. The NASDAQ Stock Market, also known as simply the NASDAQ, is an American stock exchange. “NASDAQ” originally stood for National Association of Securities Dealers Automated Quotations.

It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. The exchange is owned by NASDAQ OMX Group, which also owns the OMX stock exchange network. NASDAQ has been celebrating India’s national days- Independence Day and Republic Day- for years now when the Consul General of India in New York is invited to ring the opening bell, signifying celebrations in honor of the event.