BSE Sensex heads for 2013 gain on foreign buying

Reuters Market Eye - The BSE Sensex is up 0.25 percent, while the Nifty rises 0.26 percent as blue chips gain. Blue chips gain on buying by foreign investors, who have helped push up index this year. FIIs bought 1.16 billion rupees in Indian shares on Monday, exchange data showed.

In rupee terms, the Sensex is up 9.1 percent so far this year, compared with a 25.7 percent gain last year, a middle-of-the-pack performance in local currency terms for Asia-Pacific exchanges, according to exchanges tracked by Thomson Reuters.

However, in dollar terms, Sensex is down 3.1 percent, the region's seventh worst performer as per Thomson Reuters data.

 

Apollo Tyres is up 4 percent after a deal to acquire U.S.-based Cooper Tire & Rubber Co fell through late last night.

Trent shares rise 3.9 percent a day after India's foreign investment regulator approved a $110 million investment plan by Britain's Tesco.

(Reporting by Himank Sharma)