BSE Sensex gains further; Reliance, Sun Pharma lead

Reuters Market Eye - The BSE Sensex extends gains to 0.96 percent and the broader Nifty is also up 0.84 percent, heading towards a second day of gains.

Shares in Reliance Industries Ltd rise 4.3 percent after the conglomerate and its partners said they had made a significant gas discovery in the KG-D6 block off India's east coast.

Sun Pharmaceutical Industries Ltd up 4 percent a day ahead of its Jan-March results, while Coal India Ltd shares also up 0.9 percent ahead of its March-quarter earnings later in the day.

Traders keeping an eye on flows, after foreign institutional investors sold 2.38 billion rupees of stocks on Friday, snapping a record streak of 26 consecutive sessions of net purchases.

 

(Reporting by Abhishek Vishnoi)