Zeebiz.com
Mumbai, June 29: Extending gains for the fourth day in a row, the BSE benchmark Sensex rallied by 430 points, Friday 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 439.22 points or 2.59 percent to 17,429.98 after hitting an intraday high of 17,448.48.