The year 2012 saw the Sensex rising 26%. Markets made a strong start in 2012 with the Sensex rising above 18,000 in February. Concerns over retrospective amendment of tax laws and GAAR, announced in the Budget to target tax evaders, however, dampened sentiments thereafter. The Sensex got a leg up in September when the government started implementing some bold reforms to kick start the economy. The Sensex is ending 2012 on a strong note on the back of the $24 billion in foreign flows this year.