Nifty gains on firm Asian stocks, foreign buying

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Reuters Market Eye - The Nifty is up 0.3 percent tracking firm Asian shares, headed for fourth consecutive day of gains.
Soft global economic data sparks hopes of continued monetary stimulus.
Blue-chips stocks lead, with HDFC Bank Ltd up 2.2 percent, and ITC Ltd up 0.8 percent.
Also, overseas investors bought shares worth 7.18 billion rupees ($117.55 million) on Wednesday.
However, Tata Steel is down 0.7 percent, while Oil and Natural Gas Corp is down 0.4 percent after their April-June earnings lagged estimates.
Markets are closed on Friday for Independence Day.
(Reporting by Abhishek Vishnoi)
First Published: Aug 14 2014 | 10:17 AM IST