Sensex soars 350 points on European deal, GAAR clarity

The buying momentum in Indian stocks gained pace, with the 30-stock BSE Sensex rising over 350 points to trade firmly above the 17,000 mark Friday. The Nifty index surged above the key 5,250 mark, gaining over 100 points. Indian markets were the biggest gainers across Asia.The sharp gains came on the back of a global surge in stocks following a decision by European leaders who agreed to use the continent's permanent bailout fund to r...