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