Bank shares gain; SBI jumps 4 percent

Mumbai: Shares in banks gain ahead of RBI policy review due on December 2. Traders say the gains are in anticipation of a rate cut.

India's GDP growth to slow to 5.1 per cent, but no rate cut yet, according to a Reuters Poll.

The Bank Nifty adds as much as 2.5 per cent to hit a record high of 18,468.4.

State Bank of India gains 3.9 per cent to hit the highest level since November 2010.

ICICI Bank adds 2.3 percent, while Bank of Baroda trading 4.7 percent higher.