BSE Sensex gains; SBI, Coal India up

Fri Nov 9, 2012 10:16am IST

People walk pass the Bombay Stock Exchange (BSE) building displaying India's benchmark share index on its facade, in Mumbai September 30, 2009. REUTERS/Punit Paranjpe/Files

People walk pass the Bombay Stock Exchange (BSE) building displaying India's benchmark share index on its facade, in Mumbai September 30, 2009.

Credit: Reuters/Punit Paranjpe/Files

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Coal Mining In The Punjab

Coal Mining In The Punjab

In Choa Saidan Shah miners dig coal with crude pick axes and load it onto donkeys to be transported to the surface earning a team of 4 workers around $10 to be split between them.  Slideshow 

Reuters Market Eye - The BSE Sensex gains 0.13 percent and the Nifty is up 0.12 percent. State Bank of India gains 0.6 percent while Coal India (COAL.NS) is up 0.3 percent ahead of their quarterly results later in the day.

Shares in United Spirits Ltd (UNSP.NS) rise as much as 6.1 percent on hopes Indian liquor baron Vijay Mallya's company is nearing a deal to sell a stake to Diageo (DGE.L), with sources telling Reuters an announcement could be made as early as Friday.

However, Asian shares extend losses, weighed down by worries over the risk of a recession in the world's largest economy as the United States faces a looming fiscal crisis and by uncertainty over a bailout for Greece, which keep sovereign bonds firmly bid.

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