FM's boosters seen as positive but insufficient to perk up manufacturing

Market experts hail decisions, saying these would certainly act as a force multiplier for India's flagging economic engine, as well its position as one of the most attractive business destinations

Euphoria in markets knew no bounds on Friday as Finance Minister Nirmala Sitharaman announced a slew of fiscal measures, including cuts in corporation tax rates, to infuse animal spirits in the country’s sagging economy.

The S&P BSE Sensex skyrocketed a whopping 1,921 points or 5.32 per cent to settle at 38,015. On the National Stock Exchange (NSE), the benchmark Nifty50 leapfrogged over 569 points, or 5.32 per cent, to end at 11,274. During the session, the 30-share index of BSE rallied 2,284.55 points or 6.32 per cent to hit a high of 38,378.02 while Nifty surged 677 points or 6.32 per