Sensex Gains; Foreign Investors Net Buyers On Monday

The BSE Sensex and the Nifty rose 0.5 per cent, after foreign institutional investors were net buyers on Monday (3 March), despite a selloff in emerging markets over military tensions in Ukraine.

Although the Nifty fell 0.88 per cent on Monday, data showed overseas investors bought Indian shares worth Rs 198 crore, extending their buying streak to a 12th day for a total of $765 million.

Among stocks of blue chips, ICICI Bank Ltd gained 1.7 per cent, while Hindustan Unilever Ltd was up 1.73 per cent.

Bharat Heavy Electricals Ltd gained 0.12 per cent after Life Insurance Corp of India bought a 4.66 per cent stake in the company on Monday from the government in a block deal totalling Rs 1889 crore, exchange data shows.

(Reuters)