Sensex gains; foreign investors sell futures

Reuters Market Eye - The BSE Sensex gains 0.7 percent while the Nifty is also up 0.7 percent. A recovery from two sessions of falls is sparked by value-buying and on higher regional shares.

Infosys is up 1.4 percent after slumping 3.8 percent so far this week as of Wednesday's close, underperforming a 1.2 percent fall in the NSE during the same period.

However, traders are worried as foreign institutional investors (FIIs) have sold index futures worth 8.6 billion rupees in the previous two sessions, as per exchange and regulatory data.

Foreign investors also sold cash shares worth 7.05 billion rupees on Wednesday.

 

(Reporting by Abhishek Vishnoi)