HDFC, ICICI Bank shares lead gains, BSE Sensex rises

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SBI, the country's largest lender, falls 1 percent after ratings agency Moody's downgraded its outlook. Reuters SBI, the country's largest lender, falls 1 percent after ratings agency Moody's downgraded its outlook. Reuters
SummaryBSE Sensex up 0.37 percent while NSE Nifty up 0.35 percent, led by gains in rate-sensitives.

BSE Sensex gains, reversing a two-day losing streak, after NSE Nifty finds support around its 200-day moving average at 5,841, on value buying.

The BSE Sensex index is up 0.37 percent while the NSE Nifty is up 0.35 percent, led by gains in rate-sensitive shares.

Among lenders, HDFC Ltd is up 1.9 percent while ICICI Bank gains 0.2 percent.

Among auto shares, Bajaj Auto is up 3 percent while Maruti Suzuki India gains 1.6 percent.

However, State Bank of India (SBI), the country's largest lender, falls 1 percent after ratings agency Moody's downgraded its outlook on the bank's financial strength rating to 'negative' from 'stable'.

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