MARKET EYE-Indian shares gain; foreign investors sell futures

Thu Jul 4, 2013 10:17am IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* India's benchmark BSE index gains 0.7 percent while
NSE stock index is also up 0.7 percent.
* A recovery from two sessions of falls is sparked by
value-buying and on higher regional shares. 
* Infosys Ltd is up 1.4 percent after slumping 3.8
percent so far this week as of Wednesday's close,
underperforming a 1.2 percent fall in the NSE during the same
period.
* However, traders are worried as foreign institutional
investors (FIIs) have sold index futures worth 8.6 billion
rupees ($142.70 million) in the previous two sessions, as per
exchange and regulatory data. 
* Foreign investors also sold cash shares worth 7.05 billion
rupees ($116.98 million) on Wednesday.

 (abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.thomsonreuters.com@reuters.net)
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