Indian market trends

The Sensex and the Nifty ended 2% up for the fortnight ended 29 December 2015. ML Mid-cap Index and ML Smallcap Index were up 3% each. ML Large-cap Index and ML Micro-cap Index were up 9% and 7%, respectively.

 

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Fund flows
Foreigners: Foreign institutional investors were net buyers of stocks (Rs186 crore). They bought shares worth Rs12,833 crore.
 
 
Indians: Domestic institutional investors were also net buyers of stocks (Rs1,936 crore). They bought shares worth Rs9,059 crore.

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Government skips one stage, BS-VI emission norms from 2020 onwards
New Delhi : The central government on Wednesday decided to skip one stage and implement directly Bharat Stage (BS) VI norms from April 1, 2020.
 
Implementation of BS V emission norms will be skipped and the government will come out with a notification in this regard soon, it was decided at a meeting chaired by Road Transport & Highways and Shipping Minister Nitin Gadkari. 
 
The Auto Fuel Policy had recommended implementation of BS-VI norms by 2024. Earlier in the draft notification by the ministry, the date was advanced to April 1, 2021 and now it has been further advanced to April 1, 2020.
 
The others who attended the meeting are Heavy Industries and Public Enterprises Minister Anant Geete, Environment, Forest and Climate Change Minister Prakash Javadekar and Petroleum and Natural Gas Minister Dharmendra Pradhan. 
 
According to Pradhan, public sector oil companies will invest about Rs.28,750 crore for switching over to BS-VI auto fuels.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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