Sensex hits two-month high; FIIs snap selling streak

MUMBAI (Reuters) - The BSE Sensex posted slight gains on Monday after hitting its highest in two months led by gains in stocks such as HDFC on value buying, but Larsen & Toubro Ltd slumped after posting earnings that disappointed.

Housing Development Finance Corporation Ltd rose 3.4 percent, while ICICI Bank Ltd ended 1.58 percent higher.

Larsen & Toubro Ltd (L&T) shares fell 7.4 percent after the company said earnings slumped 12.5 percent in the June quarter from a year earlier, missing consensus estimates by a wide margin.

The BSE Sensex gained 0.05 percent, while the 50-share Nifty ended up 0.04 percent.

(Reporting by Abhishek Vishnoi; Editing by Jijo Jacob)