Delhi govt to launch 100 new AC CNG buses on Jan 14(lead)

14

New Delhi, Jan 13 | The Delhi government will inaugurate 100 new AC CNG buses on January 14, Transport Minister Kailash Gahlot said.

“Greetings to Delhiites! Another important step of the Delhi government towards strengthening the public transport service. Tomorrow 14.01.2022, at 12 noon Hon’ble CM Shri @ArvindKejriwal will launch 100 AC CNG buses equipped with state-of-the-art facilities like CCTV, panic button, GPS etc from Rajghat depot,” he tweeted this afternoon.

These new low-floor CNG AC buses will be fully compliant with BS-VI emission standards. New buses will be equipped with state-of-the-art facilities like a real-time passenger information system, CCTVs, panic buttons and GPS, among others, besides being differently-abled friendly, the Delhi government had said in a statement.

In November, the Delhi cabinet had approved the induction of 190 low-floor CNG buses under is cluster scheme. With this, the total number of cluster buses will reach 3,383 and the total bus fleet in Delhi will reach an all-time high of 7,140.

Announcing the move on Twitter, the transport minister said: “Congrats Delhi! Cabinet today, under the leadership of chief minister Arvind Kejriwal, cleared the proposal for induction of 190 low-floor AC CNG buses…”The Delhi government in November operated a total of 3,033 non-AC and AC buses under the cluster scheme. Earlier in 2021, the Delhi cabinet had also approved the proposal for the award of contract to 160 buses and with the addition of these 190 buses, the total number of cluster buses reached 3,383 and the total bus fleet in Delhi reached an all-time high of 7,140.”

The Cabinet had also said that 300 electric buses will also be inducted into the DTC fleet by the start of 2022 and a total of approx 3,500 new electric buses are also getting added to the DTC and cluster fleet.

Source: IANS

Next Story

Share Market Weekly Outlook for Next Week

Share Market Weekly Outlook for Next Week

Indian market plummets for the second consecutive week, seems bulls losing their upper hands in the coming days. Index reacted violently grasping Indian as well as global factors throughout the past week.

High oil prices, uncertainty amid Ukraine war, mounting inflation and prospects of aggressive monetary tightening by the U.S. Fed all contributed to poor sentiment. Undoubtedly, the biggest negative sentiment was led by continued inflation all over the world. Sensex sheds 2041.96 points or 3.72 percent while Nifty losses 629.10 points or 3.83 percent in a week. Simultaneously, Bank nifty also lost control over the bears’ dominance. Nonetheless, no sector ended in green while Nifty Energy lost 10.56 percent and remained the prime laggard followed by Nifty PSE, and Nifty Realty losing 5 to 6 percent in a week.

In Nifty stock, BAJAJ AUTO gained 4.07% while TATASTEEL lost 14.54% on a weekly basis. INDIA VIX closes at 23.48 suggesting no sign of relief in volatility. Whenever the market tanks 20% from its peak, it is technically termed as the bear market. Currently the Indian market remains at the edge of 15 percent fall. Technically, on a weekly chart, the index has formed a long bearish candle confirming change in trend from positive to negative side.

Index has also faced resistance around 16300 levels throughout the week. Indicators as RSI still remains in the oversold zone and MACD also indicating no sign of reversal. In the daily chart lower low- lower high formation suggests no major pullback is expected. Coming to the OI monthly Data, on the call side the highest OI witnessed was 16000 followed by 16500 strike price while on the put side, the highest OI was at 15500 followed by 15000 strike price. Overall, Nifty is having support at 15500 mark while on the upside 16100 followed by 16300 may act as an immediate resistance. While Banknifty has support around 32000 while resistance is placed at 34300 on weekly chart.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

Next Story

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

Share Market Closing Bell: Closing Bell: Nifty ends below 16,200, Sensex pares losses to close 276 pts lower

It was a volatile trading session after a positive opening, Nifty made an intraday high at 16318.75 level but showed downside momentum and tested the 16000 mark and managed to close at 16167.10 level with a loss of 72.95 points.

However, Bank nifty closed the session at 34693.15 level with a gain of 210.50 points. 31 out of Nifty 50 stocks ended in Red which suggest broad based selling. Among sectors, Bank, Commodities indices up by 0.5-0.3 percent each, while IT and Auto indices down by 1 percent each.

Stocks like ONGC, AXISBANK, INDUSINDBK, CIPLA & HDFC ended in green SHREECEM, BAJAJFINSV, LT & BAJFINANCE were the prime laggards.Technically, The Nifty has formed a Hammer Kind of candlestick pattern on a daily chart which indicates value buying from lower levels. Moreover, Nifty has taken support from the lower band of Bollinger on a Four- hourly chart which is a sign of short-term reversal in the counter.

However, the momentum indicators RSI bounced from oversold zone as well as divergence has been seen on an hourly chart which indicates bounce back momentum. The Nifty may find Strong support around 16000 levels, while on the upside 16400 may act as an immediate hurdle for the Nifty crossing above the same can attract fresh buying. On the other hand, Bank nifty has support at 33800 levels while resistance at 35500 levels.

Sumeet Bagadia
Executive Director
Choice Broking

Source: Choice India

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here