RBI panel announced 25 basis points rate cut but Indian stock markets were expecting a small rate cut. The rate cut hasn't led to any major market movement.
Indian Stock Markets jumped after Finance Minister announced reduction in corporate tax.
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 remained weak last week with stock specific action. While the Indian currency faced pressure, stock specific action was witnessed.
Indian markets ended the week with mixed sentiments among investors.
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