Financial Times FT.com

Mumbai chief focuses on modernisation

By Jo Leahy

Published: April 13 2008 17:40 | Last updated: April 13 2008 17:40

When turbulence swept through global markets this year, a group of brokers held what was probably the strangest demonstration seen at the Bombay Stock Exchange.

The protesting brokers claimed that a five-foot high sculpture of a bull outside the building – installed by the BSE just before sharp falls in the market’s benchmark Sensex index – had somehow jinxed their fortunes.

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