Sensex 80 points up on buying funds

The BSE benchmark Sensex gained over 80 points in early trade today on fresh buying by funds and retailers after an expert committee on General Anti Avoidance Rules (GARR) recommended postponement of the controversial provision by three years.

The 30-share barometer recovered by 80.43 points, or 0.46 per cent, to 17,509.99. All sectoral indices, led by capital goods, metals and power, were trading with gains of up to one per cent.

Brokers said trading sentiment turned better after an expert committee on GAAR recommended postponement of the tax provision by three years, triggering buying by participants.


Besides, a firming trend in Asian region on hopes of fresh monetary easing following hints from the US Federal Reserve, too supported the upside in stock prices here. The US Dow Jones Industrial Average, however, ended 0.69 per cent higher in Friday's trade. Via

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