Private banks gain on rate cut hopes: Sensex up 145 points

The Sensex and Nifty gained around 0.8 percent, after five consecutive months of gains checking every day last week.

National actions also follow global rally after the finance ministers of the euro zone agreed on a plan to help Spanish banks.

The advance was led by gains in banking stocks on further rate cut expectations, and after the central bank announced Friday an open market operation the surprise of Rs 120 billion.

ICICI Bank rose 2 percent, while progress HDFC 1 per cent on the BSE.

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