Sensex gains; foreign investors snap selling streak

Reuters Market Eye - The BSE Sensex is up 0.1 percent and the Nifty gains 0.15 percent. Foreign institutional investors bought 2.52 billion rupees of cash shares on Friday after being net sellers in each of the previous four sessions for a total of 6.04 billion rupees, exchange data shows.

Housing Development Finance Corp Ltd gains 2.5 percent on value-buying after falling 5.7 percent last week.

Larsen & Toubro Ltd edges up 0.45 percent ahead of June-quarter earnings later in the day.

However, Reliance Industries Ltd falls 2.3 percent even after reporting market beating earnings late on Friday, as other income, mainly from treasury-related gains, accounted for 38 percent of pre-tax profit for the quarter, according to the company.

 

(Reporting by Abhishek Vishnoi)