BSE Sensex Today Nifty Market Updates Sensex Surges 1,300 Points, Nifty Crosses 11,650 ITC Jumps

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Snesex, Nifty today: The Sensex soared more than 1,300 points and the Nifty topped 11,650 in early trade

Domestic equity benchmarks cheered the government’s move to cut corporate tax rates for the second session in a row, with the S&P BSE Sensex index surging 1,331.39 points in early trade on Monday outperforming Asian peers. The broader NSE Nifty 50 benchmark surpassed the 11,650 mark, after clocking the biggest single-day gain in over a decade last Friday. Buying across sectors barring IT and pharma shares pushed the markets higher, with banking, auto and consumer goods stocks being the top gainers. Corporate tax reform measures by the government have led to the rally in markets and boosted the investor sentiment, say analysts.

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