Strong buying was seen in midcap and smallcap stocks. BSE midcap index rose nearly 0.50 per cent while smallcap index rose 0.80 per cent.
Asian markets offered a muted reaction on Thursday to the passage of U.S. tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.06 percent in thin trade, while Australian stocks lost 0.2 percent.
In U.S. President Donald Trump's first major policy win, Republicans steamrolled opposition from Democrats to pass a bill that slashes taxes for corporations and the wealthy while giving mixed, temporary relief to middle-class Americans.
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