Last Friday, the S&P BSE Sensex index had surged 1921.15 points – or 5.32 per cent – to end at 38,014.62, in its best single-day gain in past 10 years.                                                                                                                         

The Nifty Bank, Auto and FMCG sectoral indices on the NSE were up 3.60 per cent, 1.72 per cent and 4.98 per cent at the time. On the other hand, the Nifty IT and Pharma indices were down 2.37 per cent and 1.31 per cent respectively.ITC, Britannia, L&T, HDFC Bank Top Gainers.

At 9:21 am, the S&P BSE Sensex index traded 1,045.98 points – or 2.75 per cent – higher at 39,060.60, while the broader NSE Nifty benchmark was at 11,569.65, up 295.45 points – or 2.62 per cent – from the previous close. ITC, Britannia, L&T, HDFC Bank Top Gainers

Corporate Tax Cut Sent Positive Message “Not Just In India”: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman said on Twitter that the government’s move on corporate tax has sent a positive message “not just in India” but around the globe. On Friday, the GST Council decided to more than double the tax on caffeinated beverages to 40 per cent while lowering the tax rate applicable to hotel room tariffs. Finance Minister Nirmala Sitharaman said the GST on caffeinated beverages was hiked to 28 per cent plus more cess of 12 per cent as against the existing rate of 18 per cent.

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