By Administrator_India,
The government’s step to cut corporate tax rate in September 2019 rejoiced the market which was reeling under selling pressure till then.
Factors such as IL&FS-led NBFC crisis, rising NPA worries, economic slowdown, US-China trade concerns and high valuations had ruined the sentiment (since January 2018).
Nifty50 fell 0.34 percent, while Nifty Midcap index plunged 29 percent and Smallcap cracked 43 percent during the January 2018 to September 19, 2019 period.
