Sensex zooms 269 points in early trade

MUMBAI: Extending gains for the fourth day in a row, the BSE benchmark Sensex rose by hefty 269 points in early trade today on sustained buying by funds and retailers on hopes that the government will announce economic reforms to revive the economy.

The finance ministry proposing a monetary limit for invoking the controversial General Anti-Tax Avoidance Rules ( GAAR) in its draft guidelines issued late last night too buoyed the trading sentiments, traders said.

The 30-share barometer, which had climbed by 108 points in the past three sessions, rose by another 269.49 points, or 1.58 per cent, to 17,260.25.

Edited By Cen Fox Post Team

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Posted in: 29th June 2012