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HONG KONG (MarketWatch) — Indian shares extended gains Monday, with market heavyweight Reliance Industries Ltd. rising after news it’s bidding to acquire a controlling interest in bankrupt LyondellBassell Industries. The 30-stock Sensex climbed 0.6% to 17,120.63 in early morning trading, while the 50-share S&P/CNX Nifty added 0.6% to 5,081.85. Reliance shares advanced 1.6% after LyondellBasell, the Rotterdam-based producer of petrochemicals, confirmed it had received a nonbinding bid — estimated by media reports at $12 billion — from the Indian petrochemicals and energy giant
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India’s Sensex gets lift from Reliance deal news
Posted November 22nd, 2009 in Business by admin. Tags: from-the-indian, had-received, media-reports, news, nonbinding-bid, rapid-fire, rising-after, rotterdam-based, shares-advanced, visit-market, with-market
