Positive monsoon predictions pump Sensex up by 481 points
Synopsis
The S&P BSE Sensex closes 1.91%, or 481.16 points, higher at 25,626.75, while the Nifty 50 closes 1.84%. or 141. 50 points, higher at 7,850.45 as data showing easing inflation and a government forecast for an above-average monsoon rains sparks hopes for the Indian economy and for more rate cuts by the Reserve Bank of India (RBI).Sensex up 480 points on the back of