Nifty gains; Modi steps up reforms, FIIs snap selling streak

Reuters Market Eye - The BSE Sensex is up 0.5 percent and the Nifty rises 0.48 percent.

Miners surge after government to auction coal blocks.

Jindal Steel and Power Ltd is up 6 percent, while Hindalco Industries Ltd gains 1.3 percent. The government is also closer to sell stake in Oil and Natural Gas Corp , days after relaxing fuel price controls.

Also, overseas investors snap five-day selling streak, buying shares worth 10.40 billion rupees ($169.9 million) on Monday, according to NSE data.

Blue-chips lead gains. ICICI Bank advances 1.5 percent, while Tata Motors adds 1.4 percent.

(Reporting by Abhishek Vishnoi)