Sensex up with 1325 points after government announces corporate tax relief

Nifty reclaims 11K, Sensex jumps 1,300 points after Finance Minister  Nirmala Sitharaman announced cut in corporate taxes.
The FM said the new provision has been inserted into the Income-Tax Act with effect from fiscal year 2019-20 to promote growth. It will allow any domestic company to pay income-tax at 22 per cent subject to the condition that it will not avail any other incentive or exemptions.