Saturday, 31 March 2012

Sensex up 2% on tax clarity

NEW DELHI: Finance minister Pranab MUkherjee on Friday sad that persons invertingin Indian stock markets through participatory notes (P-Notes) will not be taxed.
the statement lifted investor sentiments and snapped a two-day fall i the Bombay Stock Exchange(BSE) benchmark Sensex that shot up by 346 points or 2.03% to close at 17,404.20 buoyed by fresh buying by foreign funds. The NSE 50-issue index Nifty also surged 116.70 points or 2.25% to 5,295,55.

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