Reuters Market Eye - The BSE Sensex and Nifty are heading for a second consecutive session of gains after foreign investors bought index futures worth 860 million rupees ($14.29 million) on Monday.
The net purchases snapped a 5-day selling streak totalling 2.43 billion rupees that had raised fears of reduced foreign buying in future.
Foreign investor purchases have been a key factor behind Indian shares' rally to record highs last month.
Among blue chips ITC gains 1.5 percent while ICICI Bank is up 1.7 percent.
However, volatility could come in ahead of election results on May 16. Exit polls will start being disclosed after May 12 polling.
The BSE Sensex was up 0.4 percent while the Nifty gained 0.3 percent as of 12:14 p.m.
($1 = 60.1800 rupees)
(Abhishek Vishnoi)
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