Bloomberg India’s record-breaking equity rally will continue next year, with banks and other stocks taking over as drivers from the nation’s largest company Reliance Industries, some fund managers say. Reliance has accounted for nearly a fifth of the 75% surge in the S&P BSE Sensex from its March bottom, according to data compiled by Bloomberg. That’s about double the contribution ...

Bloomberg South Africa’s main stock benchmark index halted a five-day rally, dropping 0.1% by 9:45 am in Johannesburg and slipping from the highest close since April 2019, as a downturn in miners and weakness among banks pulls the market lower. The gauge joined peers in Asia in declining on Tuesday, as swelling coronavirus infections across the US weighed on risk ...

Bloomberg Oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets. Crude futures were down 1.9% in New York, with the dollar trading higher and European stock markets declining. It follows a rally last week after Opec and its allies agreed to add 500,000 barrels a day of output from January to a ...