New Delhi: Finance Minister Nirmala Sitharaman announced in the Modi government 2.0 that corporate tax rates will be cut for domestic companies and for new domestic manufacturing companies, soon after that the stock market saw a big boom soon thereafter. During the press conference, the Sensex gained 900 points, while the Nifty also saw a strength of 200 points.
Right now the Sensex is trading at 37,036.23 with an increase of 945 points. At the same time, the Nifty is at 10,904.85 with a strength of 200 points. On Friday, the value of rupee also started with an increase. Today, the rupee opened at 12 paise higher at 71.20 against the dollar. At the same time, the rupee had lost 9 paise to close at 71.32 against the dollar on the previous trading day. On the last trading day of the week, the market has started mixed on Friday. The Sensex opened at levels of 36,156.47 with a gain of about 0.17 per cent.
At the same time, the Nifty is also open at 10,737.75 levels with an increase of about 0.31 per cent. The Sensex saw a fall of 160 points in the pre-open session on Friday. But in a short time, the Sensex reached back to the green mark. At the same time, the Nifty is trading at 10,704.80 with a weakness of 135 points.