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Gasoline inventories fell by about 4 million barrels, while distillate stocks fell by about 3.7 million barrels, according to the sources, who spoke on condition of anonymity because they were not authorised to speak to the media.

The softer-than-anticipated jobs data led to the markets tweaking its outlook for rate hikes. Markets are now pricing in a 59% chance of the Fed standing pat on interest rates at its next policy meeting in May, CME FedWatch tool showed. Markets were pricing in a 43% chance of Fed not raising interest rates a day earlier.

The S&P 500 energy sector index surged after Saudi Arabia and other OPEC+ oil producers announced unexpected output cuts that could push oil prices toward $100 a barrel. Chevron Corp, Exxon Mobil Corp and Occidental Petroleum Corp all rallied strongly.

ASIFMA describes itself as an independent, regional trade association comprising over 165 leading financial institutions from both the buy and sell sides, including banks, asset managers, professional services firms and market infrastructure service providers.

ASIFMA describes itself as an independent, regional trade association comprising over 165 leading financial institutions from both the buy and sell sides, including banks, asset managers, professional services firms and market infrastructure service providers.

Usually, the discount should narrow ahead of the closure of the merger and not widen, but what defies this logic is the continued selling of Indian equities by overseas funds, especially in banking and finance stocks.

Usually, the discount should narrow ahead of the closure of the merger and not widen, but what defies this logic is the continued selling of Indian equities by overseas funds, especially in banking and finance stocks.

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"The rise of alternative credit has become a crucial factor in enabling growth for Indian startups, and BlackSoil intends to remain a preferred lender to support their expansion," the company said.

SMP Chairman P L Haranadh attributed the net surplus growth to higher cargo handling, cost-cut measures and reduction in the requirement for contribution to the pension shortfall fund.