BSE Sensex gains; ITC rebounds, HUL slumps

Reuters Market Eye - The BSE Sensex rises 0.17 percent and the Nifty is up 0.2 percent, tracking gains in other Asian markets. The MSCI-Asia Pacific index excluding Japan is up 0.38 percent.

ITC Ltd gains 1.2 percent after a 4.5 percent fall on Thursday after its first-quarter earnings were seen as overdone.

Biocon Ltd gains 4.7 percent after saying late on Thursday its June-quarter net profit rose 19 percent beating consensus estimates.

Hindustan Unilever Ltd falls 4.3 percent ahead of its April-June earnings later in the day, down for a second day after hitting an all-time high of 725 rupees on Wednesday.

 

(Reporting by Abhishek Vishnoi)