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Sensex hits fresh highs; Coal India surges on price hike

Reuters 

By Krishna V Kurup(Reuters) - Indian shares hit record highs for a third straight session on Tuesday as Coal India Ltd surged after price hikes, but broader gains were capped by losses in IT and financial sectors.Coal India rose to its highest in 10 months after the company raised prices of non-coking coal across all its units. It expects an incremental revenue of about 19.56 billion rupees ($308 million) for the rest of the current fiscal year. But caution prevailed ahead of the corporate results season kicking in this week. Tata Consultancy Services is due to post December-quarter results ...

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First Published: Tue, January 09 2018. 12:25 IST
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