Coal India gains on dividend payment for 2012/13

Reuters Market Eye - Shares in Coal India Ltd gain 2 percent after its board recommended on Monday a higher-than-expected dividend of 4.3 rupees per share for financial year 2012-13.

Nomura says the final dividend compared with 0.5 rupee per share in the previous fiscal year and is above consensus forecast.

(Reporting by Abhishek Vishnoi)