Monsoon forecast boosts up Sensex

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Mumbai: Benchmark indices closed higher for second straight session supported by broadbased rally among the frontliners on anticipation that RBI may slash the key policy rate in the upcoming monetary policy review on June 2, 2015. Further, well-timed monsoon forecast and slowdown in foreign funds outflow also lifted sentiments.The 30-share Sensex ended 363 points higher at 27,687 and the 50-share Nifty gained 111 points to close at 8,374.