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BSE Sensex gains for second day; M&M rallies

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Reuters MUMBAI
Last Updated : Jun 17 2013 | 3:55 PM IST

MUMBAI (Reuters) - The BSE Sensex rose for a second straight session on Monday, as Mahindra & Mahindra rallied after its parent company sealed a share swapping deal with Spain's CIE Automotive, while lenders gained on value-buying even after the RBI kept rates on hold.

Mahindra and Mahindra provisionally rose 4 percent, while Axis Bank rose 1.6 percent.

The BSE Sensex provisionally gained 0.74 percent, while the 50-share NSE index <.NSEI> ended up 0.72 percent.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

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First Published: Jun 17 2013 | 3:42 PM IST

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