BSE Sensex gains; Coal India, jewellery makers lead

Reuters Market Eye - The BSE Sensex and Nifty traded higher on Thursday, rebounding from falls on Wednesday. The benchmark BSE Sensex and the broader Nifty were up 0.37 percent as of 3:12 p.m.

Coal India surged 5.5 percent after earlier marking a record high of 401.40 rupees after Reuters reported that the Narendra Modi government is exploring breaking up the company and opening up the sector to foreign investment to boost output and cut imports, citing two sources with knowledge of the matter.

Shares of jewellery makers surge after Reserve Bank of India eased gold import and gold metal loan rules.

 

Titan Co Ltd surged 7 percent, Gitanjali Gems gained 12 percent, Rajesh Exports Ltd rose 13.7 percent.

Maruti Suzuki India Ltd surges 4.3 percent after CLSA says the stock price could double in three years in a bull scenario in which personal vehicle industry volume grows at a compounded annual growth rate of 20 percent due to pent-up demand should the economic growth pick up

(Reporting by Abhishek Vishnoi)