MUMBAI (Reuters) - The BSE Sensex rose on Monday, recovering from steep falls in the previous session, after lower-than-expected inflation data and stumbling crude and gold prices cemented hopes the central bank would cut interest rates next month.
Lenders led gainers on hopes that loan growth would pick-up if the Reserve Bank of India cuts rates on May 3 for a third time this year. State Bank of India rose 3.1 percent, while Bank of Baroda
The BSE Sensex rose 0.63 percent, or 115.24 points, to 18,357.80.
The 50-share Nifty gained 0.72 percent, or 39.85 points, to 5,568.40.
(Reporting by Subhadip Sircar)
