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homephotos Newsmarket Newsstocks NewsHere are the 10 biggest gainers after FM announcement on corporate tax rate cut

Here are the 10 biggest gainers after FM announcement on corporate tax rate cut

SUMMARY

Markets skyrocketed to the biggest gains in a decade on Friday after finance minister Nirmala Sitharaman said the government proposed to cut corporate tax rates to 22 percent for domestic companies from 30 percent previously. Sitharaman also said companies who announced buyback before July 15 will be exempt from buyback tax. She further added, "The enhanced surcharge shall also not apply to capital gains arising on sale of any security including derivatives in the hands of foreign portfolio investors (FPIs)." Intraday, the Sensex jumped 5.41 percent or 1,955.46 points to 38,048.93, while Nifty50 surged 5.30 percent or 568 points to 11,272.80. Here's the list of 10 biggest gainers in BSE and NSE today:

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By Mousumi Paul  Sept 20, 2019 2:04:38 PM IST (Published)

Listen to the Article(6 Minutes)
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Eicher Motors share price jumped 23.71 percent intraday to Rs 19,488 per share on the NSE. (Image: Company)

Ashok Leyland Q4
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Ashok Leyland's shares rallied 15.92 percent to Rs 67.70 per share on the NSE. (Company Image)

RBL Bank
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RBL Bank's stock price surged 13.99 percent intraday to Rs 378.45 per share on the NSE. (Stock: Reuters)

TVS Motors August 2019 sales
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TVS Motor's share price escalated by 12.52 percent intraday to Rs 420.45 per share on the NSE. (Image: Reuters)

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Page Industries shares surged 12.76 percent intraday to Rs 22,074.95 per share on the NSE. (Company Image)

YES Bank
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YES Bank's share price rose 10.92 percent intraday to Rs 59.90 per share on the NSE. (Image: Reuters)

IndusInd Bank
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Shares of IndusInd Bank gained 12.14 percent intraday to Rs 1,438 per share on the NSE. (stock image)

Ambuja Cements
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Ambuja Cements share price rose 11.28 percent intraday to Rs 213.45 per share on the NSE. (Image: Reuters)

Bharat Forge
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The share price of Bharat Forge surged 13.67 percent intraday to Rs 448.05 per share on the NSE. (Company Image)

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