Dalal Street today saw a positive trade that closed near the day’s high after Finance Minister Pranab Mukherjee said that the Government of India doesn't intend to levy any tax on the holders of Participatory Notes (P-Notes). He also said that a clarification on the matter would be issued by the Government in due course and that the Centre has no intention of harassing genuine overseas investors. At the end of session, the Sensex was at 17404, up 346 points while the Nifty shut at 5296, up 117 points. The broader market, which started on a promising note, also gained well towards the end of trade. The BSE Midcap and Smallcap indices closed up by over two percent each. (Pic. Source- bseindia.com)
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