Bharat Petroleum and IOC launch LNG buy tenders - trade sources
MILAN India's Bharat Petroleum has launched a tender seeking three liquefied natural gas (LNG) cargoes in total for delivery in October, November and December, trade sources said.
MUMBAI The BSE Sensex rose on Thursday to its highest close since May 7, as improving global risk environment continued to spark a broad rally, while auto makers gained on hopes the country would not increase excise duties on diesel car sales.
The 30-share index rose 1.18 percent to end at a provisional 16,649.05 points, marking its fourth consecutive daily gain.
The broader 50-share NSE index rose 1.05 percent, to a provisional close of 5,049.65 points.
Banking shares, as measured by the NSE banking index, rose 2.1 percent, gaining for a fourth consecutive day, on continued hopes the Reserve Bank of India would cut interest rates on June 18.
Axis bank (AXBK.NS), ICICI Bank (ICBK.NS) and HDFC Bank (HDBK.NS) each ended more than 3 percent each.
Auto makers, which had also benefitted this week from rate cut expectations, continued gains on Thursday, with Maruti Suzuki India (MRTI.NS) ending up 3.2 percent.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
DUBLIN The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Find meetings and key data may harden the case for a tightening of U.S. monetary policy.
NEW YORK Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds.