Beyond the Cheery Consensus of ‘Big Bang’ Tax Cuts
Exactly two weeks ago, finance minister (FM) Nirmala Sitharaman announced sharp tax cuts for rich taxpaying companies, making investors delirious with joy. But the joy hasn’t lasted too long. Stock prices are wilting again. Take a look at the broader market, Nifty 500. Almost all the gains after the tax cuts have been lost. 
Another uninspiring piece of data is that the number of stocks, that...
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