BSE Sensex up over 106 pts, NSE Nifty rises too, Future Group's Kishore Biyani eyed over Spykar
will eye Reliance Industries shares after the company and UK partner BP planned joint investment of more than $5 billion over the next three to five years to boost declining output at a key natural gas field off India's east coast.
GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange rose 0.21 percent. The MSCI-Asia Pacific index, excluding Japan rose 0.7 percent.
* Asian shares edged higher on Wednesday, buoyed by rising global equities overnight on an improving global economic outlook, while the yen resumed its decline.
* US stocks rose on Tuesday as this year's ongoing surge in merger activity suggested investors were still finding value in the market even as indexes closed in on all-time highs.
INDIAN STOCKS TO WATCH
FINANCIAL/REGULATORY
* Finance minister P. Chidambaram may stick to the initial budget estimates of fiscal deficit at 5.1% for 2012/14 from the revised target of 5.3 percent, a top official said.
* Data analytics company Mu Sigma has raised money from a unit of MasterCard Inc, The Economic Times reported citing founder Dhiraj Rajaram, in a deal that values it at more than $1 billion (54 billion rupees).
ENERGY/COMMODITIES
* The government is considering capping its subsidy on diesel at 6 rupees per litre in 2013-14 to insulate itself from volatility in global crude oil prices, said a government official privy to the development.
* Reliance Industries Ltd and BP plan joint investment of more than $5 billion over the next three to five years to boost declining output at a key natural gas field
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