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Govt cuts corporate tax: How it will benefit Indian economy, markets

It was early Diwali on Dalal Street after Finance Minister Nirmala Sitharaman on Friday unveiled a bonanza for Indian companies as she slashed tax rate for corporates. The move has been dubbed as the biggest policy reform since 1991. Sensex zoomed 1,921 points, or 5.32 per cent to 38,014.62, while NSE Nifty jumped 5.32 per cent or 569.40 points to 11,274.20. Both the indices witnessed their best percentage gains since May 18, 2009. Market expert Rajiv Nagpal shares his views. (Text: ETMarkets.com)

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