Tuesday, 16 May 2017

Sensex hits all-time high in record-setting spree


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Indian shares continued their record-setting spree on Tuesday, hitting all-time highs for the third time in five sessions, as investors remained bullish about the prospects of a good monsoon.

Monsoon rains are expected to arrive on the southern Kerala coast on May 30, two days ahead of the schedule, a source from the weather office said on Tuesday.

India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased.

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