November 9, 2012 / 4:42 AM / in 5 years

MARKET EYE-Indian shares gain; SBI, Coal India up

* The BSE index gains 0.13 percent and the NSE index
 is up 0.12 percent.  
* State Bank of India gains 0.6 percent while Coal
India is up 0.3 percent ahead of their quarterly
results later in the day. 
* Shares in United Spirits Ltd 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, 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.

 (abhishek.vishnoi@thomsonreuters.com)

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