Nifty view and top trading ideas by CapitalVia: Buy Cadila Healthcare, IGL

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

Markets zooms as FM Nirmala Sitharaman cuts corporate tax: Nifty gains the most in 10 years  
 

Markets took announcements by FM Nirmala Sitharaman of slashing corporate tax from effective tax rate of 34.94per cent to 25.17 per cent extremely positively, which took markets to breach all important moving average of 50 and 200 days in a single trading session.

Banking, Automobile, NBFC’s and FMCG companies surged most which led Nifty to close at 11,274.20, adding 569.20 points. IT was the only sector which closed in red whereas, banks witnessed most traction which led Niftybank to close at 28,981.55, adding