State-run banks gain on hopes of govt measures

Reuters Market Eye - State-run banks gain on continued speculation the government would consider selling some of its holdings and inject capital.

Domestic newswire Cogencis reported on Monday India was "seriously working" on a plan to transfer its equity in public sector banks to a holding company, citing an unnamed government official.

State Bank of India gains 3.3 percent, Canara Bank surges 5.8 percent, while Bank of India rises 3.7 percent.

(Reporting by Abhishek Vishnoi)