Sensex gains; Maruti, Tata Communications surge

Reuters Market Eye - The BSE Sensex rises after a lower-than-expected June quarter current account gap boosts sentiment, though a U.S. government shutdown continues to weigh.

The BSE Sensex and the broader Nifty gain 0.3 percent each.

Maruti Suzuki shares gain 3.1 percent on higher-than-expected sales in September.

Tata Communications gains 4.3 percent after South Africa's Vodacom Group said on Monday it was in exclusive talks to buy Tata's unlisted local unit, Neotel, in a potential $590 million deal.

Apollo Tyres shares fall as much as 8.9 percent on worries about possible high debt after Cooper Tire and Rubber Co shareholders approved the U.S. company's $2.5 billion sale to the Indian firm.

 

Hindustan Unilever shares fall 1.2 percent after its parent company Unilever warned that a slowdown in its emerging markets accelerated in the third quarter.

(Reporting by Abhishek Vishnoi)