{"id":129,"date":"2019-10-05T10:39:27","date_gmt":"2019-10-05T05:09:27","guid":{"rendered":"https:\/\/www.gujaratnow.com\/money\/?p=129"},"modified":"2019-10-05T10:39:49","modified_gmt":"2019-10-05T05:09:49","slug":"india-corporate-tax-cut-2019-market-summary-after-2-weeks","status":"publish","type":"post","link":"https:\/\/www.gujaratnow.com\/money\/2019\/10\/india-corporate-tax-cut-2019-market-summary-after-2-weeks\/","title":{"rendered":"India Corporate Tax Cut 2019 : Market Summary after 2 weeks"},"content":{"rendered":"\n

Now almost two weeks over Govt of India announce big tax relief for corporates. Indian markets welcomed the big news with high enthusiasm with both Nifty and Sensex zooming more than 8%. But slowly the trend faded and market lost 50% of that gains in last two weeks period.<\/p>\n\n\n\n

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8.61% Nifty Rally after corporate tax cut<\/figcaption><\/figure>\n\n\n\n
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4.32% drop in Nifty after the big rally<\/figcaption><\/figure>\n\n\n\n
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Effective gain (4.15%) after tax cut as of today (5th Oct 2019)<\/figcaption><\/figure>\n\n\n\n

In first few days after tax cut Nifty zoomed 8.61% but slowly dropped 4.32% in 11 days and now stands at 4.15% (total gain after tax cut)<\/p>\n\n\n\n

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Large-cap gainers after tax cut<\/figcaption><\/figure>\n\n\n\n

In large caps BPCL zoomed more than 35% mainly due the stake sale news by Govt of India. Other stocks gained during the period are Hindpetro, Siemens, Gicre, Ioc, Concor, naukari, dmart, bajfinance, bergepaint, bajajfinsv, eichermot, bjajahldg, muthootfin, nmdc, idbi etc<\/p>\n\n\n\n

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Mid-cap gainers after tax cut<\/figcaption><\/figure>\n\n\n\n

In midcaps Adani green, tatacomm, rnam, ashokley, escorts, whirlpool, indhotel, tiindia, isec, endurance, thermax, pvr, crediacc, exide etc extended with gains up to 12% and more<\/p>\n\n\n\n

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smallcap (1cr+ daily value stocks only) gainer after tax cut<\/figcaption><\/figure>\n\n\n\n

in small caps too many stocks zoomed up to 30% and here we considered only stocks with 1 crore+ daily value on a 2 months average period to filter out low value stocks.<\/p>\n\n\n\n

MTNL, snowman, orissamine, manglmcem, sci, centuryply, v2retail, affle, indiamart, cgcl, dixon, kei, neogen, ace, satin, beml, iifl etc gained more than 14% durong the period.<\/p>\n","protected":false},"excerpt":{"rendered":"

Now almost two weeks over Govt of India announce big tax relief for corporates. Indian markets welcomed the big news with high enthusiasm with both Nifty and Sensex zooming more than 8%. But slowly the trend faded and market lost 50% of that gains in last two weeks period. In first few days after tax […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[31],"class_list":["post-129","post","type-post","status-publish","format-standard","hentry","category-general","tag-nifty","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/comments?post=129"}],"version-history":[{"count":2,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/129\/revisions"}],"predecessor-version":[{"id":137,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/129\/revisions\/137"}],"wp:attachment":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/media?parent=129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/categories?post=129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/tags?post=129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}