WEALTH BUSINESS NEWS

LEAD STORY

WHAT HAS PROPELLED SENSEX TO 40K AMID A SLOWING ECONOMY?

As government is taking steps for revival amid slowdown in the economy, investors expect more reforms which is pushing indices up. In its first major step to provide fiscal stimulus to pull the economy out of economic slowdown, the government cut corporate tax rate for domestic firms and new domestic manufacturing companies on September 20. Corporate tax rate was brought down to 22% from 30%. For new manufacturing companies, the existing tax was reduced to 15% from rate 25%. Read more...

AT A GLANCE

  • Fll Fund(m-o-m): ₹14,656.65 cr
  • Dll fund(m-o-m):₹4,758.48 cr
  • Mutual Fund(m-o-m):₹3475.77 cr
  • Nifty 50 PE:25.19
  • Nifty Midcap 100 PE:25.75

EVENTS - FGD (TENTATIVE DATES)

  • November 29, 2019 : Kolkata
  • December 05, 2019 : Hyderabad
  • December 12, 2019 : Gurugram
  • December 20, 2019 : Mumbai

QUOTE OF THE MONTH

‘Humiliation is the world’s message to you on your areas of improvements. So, don’t take humiliation to your heart, but to your head!’

- Feroze Azeez at TEDx Talks, Jaipur

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