• SENSEX
    NIFTY 50
Market

Corporate Tax Cut Impact: Financial stocks extend rally, Nifty Bank index jumps 6%

Updated : September 23, 2019 09:50 AM IST

Nifty Bank rose as much as 5.5 percent on Monday, extending gains from Friday's session after Nirmala Sitharaman announced cuts in corporate tax rates to revived the slowing economy.
The front runners in the Nifty Bank index were mainly private banks. IndusInd Bank surged 7 percent, followed by ICICI Bank, up 5.5 percent.
On Friday, the index had risen as much as 8 percent, its biggest single-day gain in 10 years. Since the announcement, the index is up over 14 percent.
Corporate Tax Cut Impact: Financial stocks extend rally, Nifty Bank index jumps 6%
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV