Market Corporate tax cut: Brokerages raise their targets for Sensex, Nifty Updated : September 24, 2019 06:37 AM IST These measures may be just what is needed to kick start the long-awaited capex cycle, said Chris Wood in his 'Greed and fear' report. Corporate tax cuts create room for improved earnings growth, Morgan Stanley said in a report. Citi also feels that slashing of corporate tax could reset coverage earnings up by as much as 8-9 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.