Sensex clocks year's biggest single-day gain of 439 points

MUMBAI: Stock markets closed today with the biggest single-day gain of 439 points in 2012 as investors, richer by Rs 1.17 lakh crore, cheered clarity on tax-avoidance rules and upbeat global market sentiments. 

Sensex, which rose for the fourth straight day, opened with a 144-point with the Finance Ministry announcing the draft GAAR guidelines late last night. 

Sentiments improved further as foreign inflows poured in after global investment bank Morgan stanley upgraded India markets to "equal-weight" from the long-standing "under-weight" status. 

Edited By Cen Fox Post Team

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Posted in: 29th June 2012