Sensex posts biggest gains in three months on rate cut hopes

MUMBAI (Reuters) - The BSE Sensex posted on Tuesday its biggest daily percentage gains this year on growing hopes the RBI will cut interest rates later this month, which boosted rate-sensitive stocks such as ICICI Bank and Tata Motors.

ICICI Bank Ltd provisionally gained 2.96 percent, while Tata Motors Ltd ended up 4.1 percent.

The BSE Sensex provisionally rose 1.32 percent, while the 50-share Nifty rose 1.45 percent, posting their biggest daily gains since November 29.

(Reporting by Manoj Dharra; Editing by Rafael Nam)