Sensex gains; foreign investors net buyers on Monday

Reuters Market Eye - The BSE Sensex and the Nifty rise 0.5 percent, after foreign institutional investors were net buyers on Monday, despite a selloff in emerging markets over military tensions in Ukraine.

Although the Nifty fell 0.88 percent on Monday, data showed overseas investors bought Indian shares worth 1.98 billion rupees, extending their buying streak to a 12th day for a total of $765 million.

Among stocks of blue chips, ICICI Bank Ltd gains 1.7 percent, while Hindustan Unilever Ltd is up 1.73 percent.

Bharat Heavy Electricals Ltd gains 0.12 percent after Life Insurance Corp of India bought a 4.66 percent stake in the company on Monday from the government in a block deal totalling 18.89 billion rupees, exchange data shows.

 

(Reporting by Abhishek Vishnoi)