In one of the boldest move, the Finance Minister Nirmala Sitharaman has announced cut in corporate tax rates. It has helped the equity market to register one of the highest single-day gain in last 10 years; however, it has other side too.

Following stocks are close to their 52-weeks low as at 12:28 p.m. on September 20, 2019.

The markets reacted positively to all the announcements made by Finance Minister on Friday as the indices surge by more than 5 per cent intra-day. The tax rate cuts for the corporates are expected to be extremely positive for the economy and hence, will give a much needed boost to the markets.

The markets on September 20, 2019 opened gap up. BSE Sensex is trading at 37,850.52, up by 1760.44 points and the Nifty is trading at 11,218.90, up by 512.90 points.

Markets have reacted positively to the pump priming by the government with the fiscal measure announcements made by Finance Minister Nirmala Sitharaman in Goa on Friday. 

Overall volumes in futures & options currently stand at 4,27,66,696 contracts with a turnover of Rs. 25,76,936.91 crore.

Overall volumes in futures & options currently stand at 4,27,66,696 contracts with a turnover of Rs. 25,76,936.91 crore.

Capital India Finance Limited ("CIFL") has signed a Memorandum of Understanding (MoU) with Union Bank of India ("Union Bank"), for co-origination of loans under the co-origination guidelines prescribed by Reserve Bank of India.

With Thursday’s fall, the 50-share index has decisively closed below the 62 per cent retracement. The next level of strong support is placed at 10580-10455 zones. This support may hold for the September month. Stocks in news: Lux Industries, Yes Bank, Bharat Forge, Adani Transmission, Kolte-Patil Developers and DHFL.

After a severe crash in the last trading session, the Indian benchmark indices will expect a recovery on Friday as positive sentiments are likely to be supported by positive cues from Asian peers and measures announced by the Finance Minister to make liquidity available.Also, the market participants will keep their eyes and ears open to all-important GST Council meet as they pin their hopes on some major announcements that can help to boost consumption and prevent any further deepening of the slowdown in the country.