Fund flows
Foreigners: Foreign institutional investors were net sellers of stocks (Rs2,851.65 crore). They sold shares worth Rs26,017.93 crore.
 
 
Indians: Domestic institutional investors were net buyers of stocks (Rs2,366.94 crore). They bought shares worth Rs11,704.50 crore.
 

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Global market trends

NASDAQ Composite, S&P500 and the FTSE rose 3%, 2% and 1%, respectively, while the Hang Seng ended flat. The Bovespa, however, declined 5%. 

 

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SC orders Govt to reveal full black money list tomorrow

After years of dilly-dallying by successive governments, this directive by the SC seems set to cause a major shake-up in the black money story

 

The SC today ordered the government to disclose the full list of black money accounts in its possession. The SC order says that the disclosure will have to be made to the court tomorrow. This comes as a major setback to the government which had been pleading that such a disclosure would affect its ability to be party to various international treaties.


In response to the Centre's submission that those being investigated could only be disclosed after a chargesheet was filed, the SC said, “You do not have to take interest in people (having foreign bank accounts), SIT will take care of it.”


In a scathing comment on the current and past governments' record on the issue of black money, the SC said that, “We can't leave the issue of bringing back black money to government. It will never happen during our time.” The SC also asked the Centre why it was providing protective umbrellas to foreign bank account holders.


It is unclear whether the names will only be given to the SC or whether they will be made public, The SC said that, “You do not do anything. Just pass information of account holders to us and we will pass order for further probe.” On deciding what to do with the names, the SC will give further directions to the SIT to investigate.

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