Indian Stock Market News

• Reliance Industries Ltd., owner of the world's largest refinery, received $1 billion of term loans from a group of 31 banks.

• The Indian car unit of Honda Motor Corp has not yet decided on starting assembly operations at its second manufacturing unit in Rajasthan, a senior official said on Thursday.

• Indian energy major Reliance Industries Ltd, controlled by billionaire Mukesh Ambani, is close to inking a deal with hedge fund DE Shaw to launch a $700 million to $800 million infrastructure fund.

• Maruti Suzuki, India's top car maker, is seeing good sales in August, its marketing and sales chief Mayank Pareek said.

• The rupee rose on Thursday supported by mild gains in domestic shares, and broad weakness in the U.S. dollar after weak home sales data sparked concerns of another downturn in the world's largest economy.

• Indian bond yields steady; price data awaited.

• India's food inflation continued to ease in mid-August, while fuel inflation was flat on the week, but concerns over emerging demand-side pressures on prices will likely see a hawkish Reserve Bank of India (RBI) hike key rates by 25 basis points when it reviews policy next month.

• World stocks bounced off seven-week lows and Japan's yen weakened on Thursday in another burst of the risk-on, risk-off trading that has dominated financial markets this year.

• The yen, dollar and Swiss franc fell against most major currencies as Asian and European stocks advanced, damping demand for the currencies as safe havens. 

• Oil rose for a second day in New York, buoyed by advancing equity markets and speculation that crude's 7 percent drop this month.

• Gold may extend gains from an eight- week high in London as a weaker dollar and growing concerns that the economy is sputtering spur demand.