BSE Sensex gains further; RIL surges over 5 percent

Reuters Market Eye - The BSE Sensex and Nifty extend gains to 1.6 percent, heading towards a second day of gains. Shares in Reliance Industries Ltd rise 5.2 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 4.79 percent a day ahead of its Jan-March results, while Coal India Ltd shares also up 1.2 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)