Sensex, Nifty recorded tremendous gains: Market Expert hails FM’s announcements

Market Expert Sunil Shah on September 20 shared his views on the zooming of the stock market after Union Finance Minister Nirmala Sitharaman announced a slew of measures ahead of GST council meet. Hailing the Finance Minister’s announcements, he said that slashing of the corporate tax rate is a positive step for the corporate market and the capital market and that the move will also encourage the companies to invest in the market. Earlier in the day, the Finance Minister made several announcements for the corporate sector in a press briefing. She announced cuts in corporation tax among a series of announcements. Sitharaman said the total revenue forgone on account of today’s measures would be Rs 1.45 trillion per year.