Markets Roar : Sensex Rises Over 1,300 Points To Reclaim 39,000, Nifty Reclaims 11, 500

Picture : Twitter / ANI

Extending its euphoria over government’s economy-boosting measures, equity benchmark BSE Sensex soared over 1,300 points to reclaim the 39,000 mark in early session , driven by gains in index heavyweights HDFC Bank, ITC, L&T and ICICI Bank.

After hitting a high of 39,346.01 points, the 30-share index was trading 1,031.58 points, or 2.71 per cent, higher at 39,046.20 at 0930 hours, while the broader Nifty rallied 263.75 points, or 2.23 per cent, to 11,537.95 reported  PTI.

In the previous session on Friday, the BSE barometer logged its biggest single-day jump in over a decade by surging 1,921.15 points or 5.32 per cent to 38,014.62, while the NSE Nifty zoomed 569.40 points or 5.32 per cent to end at 11,274.20.

Bulls took over Dalal Street after Finance Minister Nirmala Sitharaman delivered a surprise cut in corporate tax rates. Announcing the latest set of measures to jump-start flagging growth, the Finance Minister slashed the base corporate tax for existing companies to 22 per cent from 30 per cent; and for new manufacturing firms, incorporated after October 1, 2019, to 15 per cent from 25 per cent.