* The BSE index gains 0.32 percent, while the 50-share NSE index is up 0.31 percent, heading for a third consecutive session of gains after hitting 2013 lows on Friday. * However, traders warn this week's gains are likely driven by purchases of recently under-performing sectors and may not sustain ahead of the federal budget. * Shares in Reliance Industries gain 1.8 percent a day after the company said it will invest over $5 billion in the next three to five years with UK partner BP to boost declining output at a key natural gas field off India's east coast. * DLF shares gain 1.5 percent, extending a recent rally on continued hopes of an earnings recovery. The property developer has gained 8.6 percent in the previous two sessions. * Welspun Corp, however, fell 2.24 percent after National Stock Exchange excluded the company's shares from trading in the futures and options segment from April 26, without giving a reason. (firstname.lastname@example.org; email@example.com)
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