World-beating stocks rally in focus

Increasing dividend payment expectations and soaring domestic demand suggest that a bull rally in India's oil and gas companies has more legs to run. The Nifty energy index — a local benchmark for the industry — has surged 31 percent this year. The index is set for a record nine-year winning run. Half of the top ten performances on a Bloomberg measure of the world's 124 mid- to large-sized energy businesses over the period were conventional energy firms from India. The gauge as a whole gained 4.7 percent.