FinMin’s tax cut announcement; Sensex high over 1260 points, Nifty up by 350 points

(G.N.S) Dt. 200 Mumbai All of a sudden Benchmarks BSE Sensex and NSE Nifty rallied nearly 2 per cent after Finance Minister Nirmala Sitharaman on Friday proposed to slash corpoprate tax for domestic and new local manufacturing companies. The effective rate will be 25.17 per cent, including surcharges and cess.