* Shares in India's Reliance Industries Ltd rise 1.8percent, adding to Friday's 5.7 percent gain, after KG-D6 blockpartner BP Plc highlighted recent discoveries in twoblocks as "potentially commercial" in its annual report out onThursday, dealers say.* BP did not provide any indication of the size, but CLSA seespotential for "the largest" discovery in KG-D6, noting thatanother partner in the block, Niko Resources Ltd, hadlast year also cited a significant gas recovery. * CLSA further predicts Reliance could post a record quarterlynet profit of 57.1 billion rupees ($934.6 million) in theJanuary-March quarter, up 4 percent from the previous quarter,citing improving gasoline spreads, rising gross refining marginsand a rise in gas and crude production. ($1 = 61.0950 rupees) (abhishek.vishnoi@thomsonreuters.com /abhishek.vishnoi.thomsonreuters.com@reuters.net)
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LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed
(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.
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