BSE Sensex rises to 1-month high autos, banks gain

london  August 7, 2012, 14:42 IST

london  08 07, 2012, 14:50 IST

Reuters Market Eye - The BSE Sensex extends gains to 1.1 percent. Software services exporters gain after U.S rival Cognizant Technology Solutions raised its adjusted full-year profit forecast.

Tata Consultancy Services gains 2.4 percent, while Infosys adds 2.2 percent.

Interest-rate sensitive stocks gain after new Finance Minister P. Chidambaram said high interest rates were burdening consumers, sparking hopes the government will exert pressure on the RBI to ease monetary policy.

Tata Motors rises 3.8 percent, while Bajaj Auto rises 3.2 percent.

State Bank of India gains 2.2 percent, while ICICI Bank adds 2.1 percent.