* 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.