An Evening Walk Down D-St: Market posts biggest single-day gain in 10 years; investors richer by Rs 7 lakh crore

Sep 20, 12:08 PM
Market benchmarks Sensex and Nifty posted their biggest single-day gains in 10 years on September 20 after Finance Minister Nirmala Sitharaman announced a cut in corporate tax rates.

After starting the session on a flat note, Sensex surged 2,285 points while Nifty soared 677 points. Nifty Bank jumped over 2,661 points intraday as market experts and brokerages hailed the government's move.

The sharp rally in equities made investors richer by Rs 6.83 lakh crore in a single day as the cumulative market capitalisation of BSE listed firms jumped to Rs 1,45,37,378.01 crore from Rs 1,38,54,439.41 crore on the previous session.