BSE Sensex flat; foreigners extend selling streak

Reuters Market Eye - The BSE Sensex and Nifty are flat in trade as foreign investors extend their selling streak while caution ahead of the expiry of May derivative contracts on Thursday also weighs.

The 30-share Sensex was up 0.05 percent while the broader Nifty added 0.12 percent as of 10:51 a.m.

Overseas investors sold shares worth 2.03 billion rupees ($34.4 million) on Tuesday, their third session of selling in four days, provisional exchange data shows.

Coal India is down 1.88 percent while Oil and Natural Gas Corp falls 1.4 percent.

However, Larsen & Toubro gains 1.5 percent after the company said it has got orders for $480 million in Bangladesh.

 

(Reporting by Abhishek Vishnoi)