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MARKET EYE-Indian shares gain; private banks lead

* The BSE index

gains 0.51 percent, while the 50-share NSE index is up 0.48 percent. * The BSE was down 1.8 percent over the previous two days, while the NSE was down 1.9 percent. * Asian shares rise on Tuesday but were capped by concerns over global growth prospects, especially in the world's second-biggest economy China and expected weak U.S. corporate earnings.

* Banks gain led by private sector lenders on expectations their July-September earnings will prove more resilient than their public sector counterparts. * ICICI Bank

gains 1.4 percent, while HDFC Bank

is up 0.8 percent.

(abhishek.vishnoi@thomsonreuters.com)