MUMBAI, Oct. 30 -- THE BSE Sensex rallied 220 points to reclaim the 40,000- mark on Wednesday as strong corporate earnings and expectations of a rejig in tax structure for equity investors turbocharged sentiment.
After hitting a high of 40,178.12, the 30-share index ended 220.03 points, or 0.55 per cent, higher at 40,051.87. The benchmark closed above the key 40,000-level after June 4, 2019.
Similarly, the broader NSE Nifty jumped 57.25 points or 0.49 per cent to close at 11,844.10.
Brokers said equity market sentiment improved after reports said the government is looking at scrapping the dividend distribution tax and is also reviewing other levies such as long term capital gains tax (LTCG) and securities transaction tax (STT).
Strong e...