Sensex Biggest Gain In 10 Years Kept Netizens Busy As Investors Get Pre-Diwali Bonus

Sensex and Nifty boomed in the most unrealistic manner today specially after looking at the downfall from last few weeks. Today at a press conference in Goa, Finance Minister Nirmala Sitharaman cut down the corporate tax rate.

Finance Minister in a brave move to boost the economy of the country cut down the corporate tax from approx 35% to nearly 22% for the existing companies. Any fresh investment after 1st Oct 2019 will be eligible for income tax at the rate of 15%.

The announcement boomed the investor and the market went up by 1900 point in just 40 minutes. And in the intraday Sensex was up by 5.32% or 1921 points. This is the maximum highest single-day growth in a decade. With all this correction the market investors got richer by Rs 6,82,938.6 crore.

The Sensex and Nifty kept the Twitter busy whole day.

Read: As Exit Poll Predict Modi 2.0, Sensex Is Up By 1500 Points And Pakistan Market Down by 750 Points.