MARKET EYE-Indian shares gain; ITC, TCS lead

* India's BSE index gains 0.26 percent after earlier
breaching the psychologically important 20,000 mark for the
first time since Jan. 2011, while NSE index is up 0.3
percent.
* Indian shares continue to be supported a day after the
government delayed the implementation of controversial rules on
tax avoidance and lower-than-expected inflation bolstered the
case for a cut in interest rates.
* ITC up 2.3 percent, gaining for a second day on value
buying after falling 10.6 percent since index compiler FTSE cut
its free-float weighting on the stock in mid-December, as of
Friday's close, dealers say.
* Tata Consultancy Services Ltd, India's largest
software services exporter, gains 1.9 percent after posting
better-than-expected earnings and prompting a raft of analyst
upgrades.

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