 "Investors react as they watch the stock prices on a digital screen, at BSE building in Mumbai, Friday, Sept. 20, 2019. Sensex surges 1,921.15 pts to end at 38,014.62; Nifty zooms past 11,200 after Finance Minister Nirmala Sitharaman announced a slew")
Indian shares notched their best day in more than a decade after the government announced deep cuts in corporate taxes to revive flagging growth in Asia's third-largest economy.
Finance Minister Nirmala Sitharaman said the effective corporate tax rate would be lowered to around 25% from 30% and scrapped the minimum alternative tax for domestic companies.
Both the broader NSE index and the benchmark BSE index closed 5.3% higher, finishing the week with gains of more than 1.5%.
The rupee, which rose as much as 0.9% to 70.68 against the dollar after the announcement, pared some gains to trade at 71.05
