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MARKET EYE-Indian shares head for 2013 gain on foreign buying
December 31, 2013 / 5:17 AM / 4 years ago

MARKET EYE-Indian shares head for 2013 gain on foreign buying

* India's benchmark BSE index is up 0.25 percent, while
the NSE index 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
($18.72 million) in Indian shares on Monday, exchange data
* In rupee terms, the BSE index 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, BSE is down 3.1 percent, the
region's seventh worst performer as per Thomson Reuters data. 
* Apollo Tyres Ltd is up 4 percent after a deal to
acquire U.S.-based Cooper Tire & Rubber Co fell through
late last night. 
* Trent Ltd shares rise 3.9 percent a day after
India's foreign investment regulator approved a $110 million
investment plan by Britain's Tesco. 


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