10 things you need to know before the opening bell on September 23
Updated : September 23, 2019 07:46 AM IST
Indian equity benchmark indices are set to move up strongly on Monday after the government slashed the income tax rate for companies to 25.17 percent and offered a lower rate to 17.01 percent for new manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs. On Friday, the markets jumped to new highs with Sensex closing 1,900 points higher along with Nifty50 index closing with 560 points. At 7:08 am, the SGX Nifty futures traded 0.64 percent, or 72.50 points, up at 11,412.50, indicating a positive start for Sensex and Nifty.