Sensex gains; Coal India, Reliance Industries rise

Reuters Market Eye - The Sensex gains 0.27 percent and the broader Nifty is up 0.18 percent, heading for a third day of gains. Shares in Coal India gain 3.1 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 0.9 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.

Astrazeneca Pharma India Ltd falls 14.7 percent after setting the floor price for a share sale from promoters at 490 rupees, a 39 percent discount to Monday's closing price of 805 rupees.

 

(Reporting by Abhishek Vishnoi)