Sensex gains; Tata Motors, IT exporters rise

Reuters Market Eye - The BSE Sensex gains 0.28 percent, while the broader Nifty is up 0.27 percent.

Software services exporters, including Infosys and Tata Consultancy Services , gain after industry body Nasscom said exports from the sector would grow 13-15 percent in the fiscal year starting in April, up from 13 percent in fiscal 2013/14.

Tata Motors Ltd surges 2.8 percent after the company's third-quarter net profit tripled, while Tata Steel gains 1.5 percent ahead of its earnings later in the day.

Bharat Forge gains 4.77 percent after the company said it will merge two of its units.

Sun Pharmaceutical Industries' shares up 0.2 percent, after gaining as much as 2.1 percent earlier in the day as earnings at U.S. unit Taro Pharmaceutical Industries beat estimates, traders said.

 

Foreign investors sold Indian shares worth $72.2 million, for an eighth consecutive session on Monday, totalling sales of $655 million.

(Reporting by Indulal PM)