Sensex in mild recovery; FIIs buying

Reuters Market Eye - The Sensex gains around 0.33 percent, recovering from a 0.8 percent fall over the previous two sessions, while the Nifty advances around 0.31 percent.

Net purchases from foreign institutional investors (FIIs) help improve sentiment, traders say.

Provisional exchange data shows FIIs were net buyers of 2.5 billion rupees in Indian shares on Monday, for a preliminary total of 58.2 billion rupees for the month.

Select blue chip lead gainers: ICICI Bank gains 0.8 percent while Tata Motors adds 1.6 percent.

Tata Consultancy services flat, Infosys up 0.35 percent ahead of their earnings on Thursday.

(manoj.dharra@thomsonreuters.com)