Sensex hits seven-month high after late rally; Coal India jumps

Indian shares hit a seven-month high on Thursday, rebounding from earlier losses, as stocks such as Coal India Ltd rose on firmer commodity prices, while sentiment was also underpinned by hopes about the economy.

The broader NSE Nifty ended 0.48 % higher at 8,218.95, while the benchmark BSE Sensex closed up 0.48 % at 26,843.14, after earlier falling as much as 0.3 % each.

Both the indexes touched their highest since late October.

Shares of Coal India ended up 3.42 %, their highest close in more than two months, after the company raised coal prices.