BSE Sensex extends gains; RIL, Coal India lead

Reuters Market Eye - The Sensex gains 0.83 percent and the Nifty is up 0.67 percent, heading for a third day of gains, after earlier marking their highest intraday level since May 22.

Shares in Coal India Ltd gain 3.4 percent after its January-March earnings beat estimates and after the world's largest coal producer also announced it would raise prices.

Reliance Industries Ltd gains 2.1 percent, up for a second day after the conglomerate and its partners said on Friday they had made a significant gas discovery in the KG-D6 block.

Havells India Ltd shares gain 5.4 percent after it said in a statement that its March-quarter profit rose 19.8 percent to 1.09 billion rupees.

 

(Reporting by Abhishek Vishnoi)