Sensex spurts 553 points to record closing high of 40,268; Nifty at 12,089

Equity indices on Monday clocked fresh record highs as a sharp decline in economic growth in the March quarter firmed expectations for at least a quarter-point (25 bps) rate cut from the Reserve Bank of India (RBI) on June 6.

from Times of India http://bit.ly/2Ko9Z0W