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Sensex gains; overseas investors remain buyers

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Reuters
Last Updated : Mar 21 2014 | 2:20 PM IST

Reuters Market Eye - The BSE Sensex gains 0.1 percent, while the broader Nifty is 0.2 percent higher, recouping losses from the previous session, on the back of higher regional shares.

Indian and Asian shares find their footing after Wall Street shook off concerns about Federal Reserve policy.

Continuous buying from foreign institutions also supports the gains in India. Overseas investors bought shares worth of $117.87 million on Thursday, marking their 23rd buying session in the previous 24, provisional exchange and regulatory data shows.

Blue chips broadly recover from Thursday's falls. State Bank of India gains 1.4 percent after falling 1.81 percent on Thursday.

Metal stocks are also in favour on value buying: Tata Steel gains 3.8 percent, and Hindalco Industries is up 2.3 percent.

(Reporting by Indulal PM)

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First Published: Mar 21 2014 | 2:04 PM IST

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