MARKET EYE-Indian shares gain; private banks lead

Tue Jan 1, 2013 9:35am IST

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* The BSE index gains 0.72 percent while the NSE index
 is up 0.7 percent. 
* Traders say gains track optimism after Wall Street rallied on
Monday as U.S. lawmakers closed in on a deal to avoid a budget
crisis that many fear could cripple the world economy in 2013.
 
* U.S. President Barack Obama said Congress was close to an
agreement that would start chipping away at the deficit without
raising middle-class taxes.   
* Private banks such as ICICI Bank gains 1 percent,
while HDFC Bank is up 0.8 percent on hopes of rate cut
by RBI by January end.

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