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Stock Markets
Dalal Street investors gain over Rs 7 lakh crore within minutes of corporate tax rate cut

FM's announcements cheered the investors taking market capitalisation of BSE to 144.72 lakh crore from 138.54 lakh crore on Thursday, a gain of 5.28% or Rs 7.31 lakh crore within minutes

While Sensex closed 1,921 points or 5.32% higher at 38,014, Nifty ended 5.32% or 569 points higher at 11,274.
On Friday, Nifty ended day's trade 74 points higher at 11,023 and Sensex closed higher by 263 points at 37,332 mark.
The CPSE ETF was launched by the United Progressive Alliance (UPA) government on March 28, 2014 to sell its stake in the Central Public Sector Enterprises (CPSEs).
Sensex and Nifty have lost 7.04% and 7.09% during the last one month, respectively. Sensex and Nifty have lost 2.53% and 2.90% in last one week.
IT firm Cyient stock fell the most on BSE, after hitting a fresh 52-week low, as the company recorded losses in its Q1 earnings report.
If promoters have to bring down their shareholding from 75 to 65 per cent anytime soon, we will most likely get into a two-year bearish phase, says expert