#Niftyfuture have made high of 550 pts in one go after the stimulus package announced by FM as Major cut in corporate taxes to ensure the growth and making FPIs happy on change in investing structure in India as corporate!
Major contributors are as follows:
This is certainly a positive move from the government in terms of continue on reforms to ensure growth! Good news for corporate and Equity
But Setback for Bond Market!
Will posting the detail impact of the move in next post!
Have a great day!