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BJP's Win: Sensex & Nifty at All-Time High!
By: Tupaki Desk | 19 Dec 2017 1:05 PM GMT
When trends hinted about neck-and-neck fight between BJP and Congress on Yesterday morning after the counting begun in two states which went for Assembly Polls, Sensex sunk as much as 850 points. Whereas, There is a complete turnaround Today with the Saffron Party forming government in both Gujarat and Himachal Pradesh.
On December 19th, BSE Sensex gained 235 points to end at 33,836. NSE Nifty, on the other hand, moved up to 10,463 by earning 74 points. Auto, Metal, Pharma and Banking Shares have gained over three percent.
The Rupee became stronger by 64.03 per dollar, against 64.24 per dollar by the end of Monday trading.
Even the optimism over passage of US Tax Cut Bill helped Indian Markets. If the bill gets passed, Corporate Tax Rates will fall to 21 percent from existing 35 percent.
On December 19th, BSE Sensex gained 235 points to end at 33,836. NSE Nifty, on the other hand, moved up to 10,463 by earning 74 points. Auto, Metal, Pharma and Banking Shares have gained over three percent.
The Rupee became stronger by 64.03 per dollar, against 64.24 per dollar by the end of Monday trading.
Even the optimism over passage of US Tax Cut Bill helped Indian Markets. If the bill gets passed, Corporate Tax Rates will fall to 21 percent from existing 35 percent.
