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Indian markets shrug off geopolitical tensions, rally 2% over lockdown easing

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Indian stock markets rallied nearly 2% on Thursday on back of lockdown easing measures despite nagging geopolitical concerns that include a border stand off between India and China and escalating Sino-US trade tensions .

The BSE Sensex ended at 32,200.59 up 595.37 points or 1.88%. The Nifty was at 9,490.10 up 175.15 points or 1.88%. Indian markets are seeing gains on continued opening up of economic activities, although covid-19 infections have been on a rise.

Further stimulus measures are also expected to boost demand in the economy and help the most impacted sectors to recover, analysts said.

According to analysts, India Meteorological Department's (IMD) forecast that the southwest monsoon is expected to reach Kerala coast around June 1

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