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Coal India climbed over 1 percent on a media report that the government has decided to shelve its plan to offload 5 percent stake in the company. This is after stiff opposition from trade unions on its stake sale plans.

The Indian rupee weakened for a second day on Thursday, weighed down by losses in the domestic share market on concerns about likely outflows in the event of a sooner-than-expected U.S. Fed taper. Worries of sustained inflationary pressures in the economy also prompted investors to short the...