Sensex, Nifty Hit Nearly Two-Month Highs

Analysts said that the measures to lower the corporate tax outgo on domestic companies pushed the markets higher.

The S&P BSE Sensex index soared as much as 1,960.53 points to touch 38,054.00 in afternoon, its highest intraday level recorded since July 25. The broader NSE Nifty benchmark climbed 581.55 points to an intraday high of 11,286.35, its highest since July 29.