20th september 2019
Nifty 50 Biggest rally in the decade
In a major fiscal booster, the government on Friday 20th Sept 2019 slashed effective corporate tax to 25.17% inclusive of all cess and surcharges for domestic companies. 15% coperate tax for new manufacuring companies, this will attract new manufacuring companies in this phase of tradewar.
Investors witnessed the biggest rally in the last 10 years with Nifty50 going up 600 points and tops 11300 and recovered 7 weeks fall within 2 hours. Stocks like RELIANCE, HDFC , ICICIBANK ,HDFCBANK and almost all Stocks in Manufacturing, FMCG and auto sectors jumped 4 – 8 % in this rally.