Indian stock markets received the much-needed boost and the trigger that can help Indian companies in long term in form of corporate rate cut announced by Narendra Modi government.
Corporate Tax Reduction is a major step in the right direction for Indian economy. This will not only boost popularity of Narendra Modi but will help business and economy in general.
Indian markets have witnessed slight pullback over the last few trading sessions and mid-cap stocks have gained momentum. Markets are expected to remain range-bound in the next couple of weeks.