Markets boosted by government's big bang tax reform plansand positive cues from the global markets. The governmentproposed to bring down corporate tax to 25%, and abolishSecurities Transaction Tax (STT). Removing levy on thesecurities is likely to lead to higher volumes as the cost oftransactions goes down.
The US Federal Reserve's decision to let interest rates remain unchanged and positive outlookof an economic recovery saw the market opening with a huge positive gap of 188 points at15,208. Unabated buying thereafter saw the index rally to higher levels as the day progressed.Realty and metal stocks led the rally with significant gains. The Sensex touched ahighof 15,545
AT the fag end of the day, and finally settled at 15,518 - up 498 points. The Nifty ended at 4,605- up 148 points. Earlier in the day, the index opened at 4,459 and touched a high of 4,614The market breadth was extremely positive. Out of 2,794 stocks traded 2,215 advanced whileonly 517 declined.
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