Indian stocks hit new record high

Indian stocks hit a new record high Friday amid optimistic atmosphere of the business circles over the possible winning of the Bharatiya Janata Party in the general election. The benchmark BSE Sensex hit 22,959.33 points in late afternoon trade with banking, realty, power and metal sector stocks heavily traded by funds and retail investors. The wider NSE index Nifty also rose 186.35 points, or 2.80 percent to hit 6,846.20 in trade. Nepal's prime minister outlines policy towards China, India [RSS]    [Feedback]    [Print]    [Copy URL]    [Large image]    [More]           English.news.cn | 2014-05-09 18:09:00 | Editor: Zhu Ningzhu KATHMANDU, May 9 (Xinhua)--  In his first public speech on country's foreign policy, Nepal's Prime Minister Sushil Koirala said that China and India are top foreign policy priorities of his government. In a briefing to the diplomatic community in Kathmandu on late Thursday evening after assuming the post, Koirala said that his government would not allow any activities from the Nepali soil against the neighboring countries. Koirala, who assured the post of prime minister on Feb. 10, has hitherto been silent about the foreign policy of the new government. "Recent years have witnessed profound changes in the dispersal of geopolitical and economic power in the world," Koirala said. He further added that China and India remain the focus of this unprecedented transformation. In an interview with Xinhua, Foreign Minister Mahendra Bahadur Pandey has said that Nepal wants to maintain a dignified relation with neighboring countries. When it comes to the foreign policy of Nepal, political leaders often complain that there is Indian interference in the political affairs of the country. Nepal's political leaders, however, often say they want to maintain a balanced relation with both neighboring countries. "Nepal's proximity to two powerful ancient civilizations, which also happen to be the two fastest growing economies and rising global powers, gives it a greater future ahead," the prime minister said while briefing ambassadors about Nepal's foreign policy. "Based on contemporary pragmatism and ground realities, we wish to work closely with our neighboring for unlocking the dormant potentials for common benefit," He said