Business Standard

Year in Review: Market ends on high, thanks to tax cut, US-China trade deal

Debt-laden companies get heavily punished amid uncertainties over economic growth

bse, sensex, market
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The Bombay Stock Exchange (BSE) building in Mumbai. (Photo: Bloomberg/ Dhiraj Singh)

Sundar SethuramanJash Kriplani
The benchmark indices — Sensex and Nifty — are ending 2019 on a strong footing, with the two gaining 15 per cent and 12.8 per cent, respectively, even as the domestic economy is slowing down.
 
Both Sensex and Nifty touched their all-time highs of 41,810 points and 12,294 points, on an intra-day basis on December 20.
 
According to market participants, the corporation tax cut in September, along with signs of a thaw in the US-China trade stand-off, pumped up the markets in the second half of the year.
 
It was a highly-volatile year, though, with traders caught

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