Corporate tax cut a consolation for benchmarks in volatile year

Sensex gained 12% while Nifty ended up 10% despite challenges such as the trade war andtrade war and economic slowdown

After delivering flat returns in the previous Samvat, the benchmark Sensex and Nifty ended the latest Hindu calendar year on a good note, with the former gaining 12 per cent and the latter 10 per cent.

However, it has been a choppy ride for the equity markets. At one point, the Sensex had risen nearly 16 per cent during the year, only to give up nearly all gains before staging a comeback, driven by the surprise reduction in corporation tax rates, in September.

Investors had to navigate through several headwinds — both global as well as domestic — during the