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Business News/ Videos / Sensex shrugs off slowdown, touches all-time high on govt stimulus hope

Sensex shrugs off slowdown, touches all-time high on govt stimulus hope

Despite an overhang of falling GDP growth, foreign investors continued to remain bullish on India with robust foreign inflows driving Indian equities to a record high on Monday as expectations around fresh government stimulus gained further momentum. Benchmark indices gained over 1% on hopes that the Reserve Bank of India may reduce interest rates further to infuse fresh liquidity in the economy over concerns that GDP growth could fall below 5% in the second quarter. Gaining 529.82 points or 1.31%, the Sensex ended at a record high at 40,889.23.

 
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