Reuters Market Eye - The BSE Sensex rises 0.28 pct, while the Nifty gains 0.27 pct. Rate-sensitive stocks rise on hopes lower retail inflation data, due on Wednesday, will help RBI unveil early rate cuts.
HDFC Bank gains 1 pct, while ICICI Bank is up 0.6 pct.
Also, non-banking finance companies rise after RBI tightens rules as expected.
Housing Development Finance Corporation gains 1.1 pct, while IDFC is up 2.9 pct.
(Reporting by Abhishek Vishnoi)