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.
Global central bankers, stuck at zero, unite in plea for help from governments
JACKSON HOLE, Wyo. Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please help.
Qatar National Bank gets go-ahead to open branch in India
DOHA Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region's largest lender said on Sunday.
China's businesses may save nearly $23 billion a year under new measures - think tank
BEIJING Companies in China may save up to 150 billion yuan ($22.5 billion) a year if they are allowed to contribute less to employees' social security and housing plans, a research institute at the top economic planning agency said on Monday.