MARKET EYE-Indian shares gain; private banks lead

* The BSE index

gains 0.51 percent, while the 50-shareNSE indexis up 0.48 percent.* The BSE was down 1.8 percent over the previous two days, whilethe NSE was down 1.9 percent.* Asian shares rise on Tuesday but were capped by concerns overglobal growth prospects, especially in the world'ssecond-biggest economy China and expected weak U.S. corporateearnings.

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

gains 1.4 percent, while HDFC Bank

is up 0.8 percent.