MARKET EYE -Indian lenders gain on bond rally, earnings hopes

* Lenders gain for a second consecutive day with the NSE banksub-index up 0.6 percent after its 1.8 percent gainon Friday.

* A rally in bonds after the central bank fully sold the 200billion rupees ($3.31 billion) worth of debt on offer onThursday sparking gains in banks, while hopes of sturdierearnings also help.

* Punjab National Bank is up 2.2 percent, Bank ofBaroda rises 1.9 percent and State Bank of India is up 1.3 percent.

* HDFC Bank gains 0.8 percent ahead of its results onTuesday, while ICICI Bank and Axis Bank areup marginally ahead of their results later in the week.

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