Bharat Electronics gains, Motilal starts at 'buy'

Reuters Market Eye - * Bharat Electronics Ltd gains 4 percent.

* Motilal Oswal starts with "buy" rating and a target of 2,600 rupees.

* Says will be "key beneficiary" of rising defence spending in India.

* Adds Indian Air Force is finalising acquisitions of $20-22 billion.

* Air Force acquisitions will benefit Bharat, Motilal says.

(Reporting by Abhishek Vishnoi)