Sensex gains nearly 200 points, ITC rises

Reuters Market Eye - The BSE Sensex and the Nifty gain around 1 percent. A recovery from two sessions of falls is sparked by value-buying and on higher regional shares.

Stocks boosting Sensex -- ITC rises 2.8 percent, RIL and Infosys gain nearly 2 percent.

BSE FMCG index rises 1.9 percent.

However, traders are worried as foreign institutional investors (FIIs) have sold index futures worth 8.6 billion rupees in the previous two sessions, as per exchange and regulatory data.

Foreign investors also sold cash shares worth 7.05 billion rupees on Wednesday.