Equity markets have cheered the reduction in corpo... moreEquity markets have cheered the reduction in corporate tax almost 9% in the last 2 trading sessions. One of the biggest structural reform that will not only boost economic growth, but also incentivize investments and push employment. As per Motilal Oswal research, the corporate tax rates will result in ~8% upgrade in Nifty EPS for FY20/21. Going ahead, market would watch out for the RBI monetary policy & the F&O expiry on Thursday- given the sharp movement in the indices and global developments like US-China trade war, geo-political tensions, oil and crude movement.
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