IMD forecast may spark rain dance on St
(WorldNews India)

The stock market is likely to get a boost from the India Meteorological Department (IMD) forecast on Monday of normal monsoon for third time in a row, according to analysts. The forecast came on the day when the Central Statistical Organisation reported March WPI inflation at eight month low of 2.47%. The BSE Sensex surged 112.78 points, or 0.33%, to close at 34305.43 on Monday, while the broader Nifty ended at 10528.35, up 47.75 points, or 0.46% higher, on WPI inflation figures. The IMD forecast came after market hours....