Indian Shares Extend Gains For Third Day

Indian equities rose for a third consecutive session as oil prices fell on signs of rising inventories and reports that Iraqi and Kurdish authorities agreed to resume exports via Turkey's Ceyhan port, easing supply concerns. The development relieved investor worries about energy-driven disruption and supported a modest rally in Indian stocks.

Analysis

Indian equities rose for a third consecutive session as oil prices fell on signs of rising inventories and reports that Iraqi and Kurdish authorities agreed to resume exports via Turkey's Ceyhan port, easing supply concerns. The development relieved investor worries about energy-driven disruption and supported a modest rally in Indian stocks.