Mumbai: Indian stock markets made a blockbuster rally on Friday riding on the fiscal stimulus package announced by finance minister Nirmala Sitharaman. The benchmark indices saw their biggest single-day jump in a decade. Domestic equity benchmark BSE Sensex vaulted 1,921 points.
Here is the biggest intraday gain of Sensex:
18.05.2009 - Sensex index soared 2,110.79 gain when Investors resorted to heavy buying after the United Progressive Alliance emerged victorious in the 2009 general election.
20.09.2019 - BSE Sensex surged 1,921.15 points as the government slashed the corporate tax rate for companies that do not avail of any tax incentive to 22%. The effective corporate tax rate after surcharge will be 25.17%. New manufacturing companies will have to pay an even lower corporate tax rate of 15%.
16.05.2014 - The Sensex jump 1,470 in this year and percentage-wise it was up 6.15% when Prime Minister Narendra Modi had formed the government for the first time after winning the general elections with a thumping majority
20.05.2019 - After exit polls predicted that BJP-led National Democratic Alliance (NDA) would get a clear majority in the 2019 Lok Sabha elections the Sensex gained 1421.9 points.
25.01.2008 - This year the Sensex gain 1,139.92 points. It was aggressive buying across-the-board and it was best reflected in the fact that no index-related stocks posted losses and all sectoral indices posted gains. Brokers said this mirrors the all-round optimism and bodes well for the markets. Foreign Institutional Investors (FIIs) have pumped in nearly Rs 913 crore in the last two days in cash segment.
On Friday, Sensex and Nifty post biggest single-day gain in 10-years as the BSE Sensex closed at 1,921.15 points or 5.32 per cent at 38,014.62. Similarly, the NSE Nifty recorded 570.65 points or 5.33 per cent at 11,275.45. Listed companies added Rs. 7 lakh crore in Friday's trade.
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