Sensex jumps 300 points on tax relief (Fourth Lead)

Mumbai/New Delhi, July 10 (IANS) The Indian stock markets key indices recovered smartly and were trading in the green after Finance Minister Arun Jaitley announced tax sops to revive the manufacturing and housing sectors.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which had slipped nearly 300 points in early trade, jumped by more than one percent after the announcement of tax relief.

The Sensex touched a low of 25,117 points and a high of 25,782.61 points in intra-day trading.

The wider 50-scrip Nifty of the National Stock Exchange was trading nearly 1 percent higher at 7,656.9 points after slipping to a low of 7,479.05 points in intra-day trading.