Tax bonanza to revive animal spirits | S&P says FM's move credit negative | Investors richer by Rs 7L cr in a day

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DAILY BRIEF Fri, Sep 20, 2019 #Gold#SmallcapHunters#IPOs#ExpertViews#StockRecos SENSEX 38014.62 1921.15 NIFTY 50 11274.20 569.40 Gold 37515.00 -171.00 USD/INR 70.94 -0.40

TOP OF THE DAY It's a bazooka, should revive animal spirits in economy, says D-Street The rate of Minimum Alternative Tax has been reduced from 18.5 per cent to 15 per cent. Fabulous Friday: D-Street investors richer by Rs 7 lakh crore in a day Effective tax outgo falls by 28% for biggies, by 13% for smaller firms India is going to leapfrog like Japan did in 1960s: Ramesh Damani S&P Global says corporate tax cut 'credit negative' FPIs turn bullish on India, say tax cut eases worries over economy After Market: Auto and bank stocks fly high; IT sector sole loser

Top Gainers NSE 97 companies (largecap) appreciated more than 5% Ashok Leyland 18.49% Page Industries 15.61% More from Gainers Top Losers NSE 10 companies (largecap) price decreased more than -1% Dabur India -2.80% PowerGrid -2.46% More from Losers 52 Week High NSE 41 companies touched new 52-week high today Westlife Deve 13.51% SKF India 12.80% More from 52 Week High

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Nifty breaks 50, 100, 200 DMAs in one stroke; profit taking likely Friday's rally negated fears of Nifty testing its swing low of 10,637 anytime soon. Das says more rate cuts to depend on data Tax cut to add 8% to Nifty EPS; 20 index stocks to see 10% earnings gains F&O: Nifty forms big bullish candle; small fall in India VIX a concern

Market moguls Podcast Video Fiscal, monetary options largely exhausted, structural reforms critical to push GDP growth ETMarkets Evening Podcast: D-Street may hit fresh all-time high by Diwali Govt cuts corporate tax: How it will benefit Indian economy, markets

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Manufacturing now a high priority sector for investors: Bhargava There is suddenly focus on manufacturing, making it a very attractive avenue for investment. Finally, we got the big bang reforms we were asking for: Ajay Piramal FM Booster 4.0: Experts cheer tax cuts, say move to arrest slowdown Gold demand muted in India ahead of festivals

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