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Markets

India sees simultaneous stock rally and financial turmoil

While Sensex index has hit record highs, bank downgrades signal trouble ahead

On June 3, the benchmark BSE Sensex closed above 40,000 for the first time.   © Reuters
MAKOTO KAJIWARA, Nikkei commentator | India

TOKYO -- India is witnessing the unconventional combination of a historic stock rally and a mini-financial crisis.

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