Rate-sensitive stocks gain on low retail inflation

Reuters Market Eye - Interest rate-sensitive stocks gain after the CPI inflation slows to 6.46 percent, the lowest level since figures were first published in January 2012.

The data may prompt the RBI to cut rates earlier than expected, traders say.

Axis Bank Ltd surges 2.48 percent, while State Bank of India gains 1.8 percent.

Mahindra and Mahindra Ltd rises 0.07 percent and Maruti Suzuki India falls 0.43 percent.

(Reporting by Abhishek Vishnoi)