Sensex flat; FIIs extend selling streak

Reuters Market Eye - The BSE Sensex and the Nifty are flat in trade. The Sensex was up 8 points while the Nifty gained 3 points as of 10:06 a.m.

Overseas investors sold 2.67 billion rupees worth of Indian shares on Friday, extending their selling streak to a seventh day, provisional exchange data shows.

ITC Ltd is down 0.4 percent while HDFC Bank falls 0.3 percent.

Consumer price inflation and industrial output data due later in the week are keeping gains in check, dealers say.

However Tata Motors is up 1.3 percent while NMDC is up 2 percent on optimism ahead of their December-quarter results later in the day.

 

DLF Ltd surges 5 percent after the company said it completed the sale of its Amanresorts luxury hotel chain back to original Indonesian owner Adrian Zecha for an enterprise value of around $358 million.

(Reporting by Abhishek Vishnoi)