Sensex flat banks gain ahead of RBI review

SENSEX-RBI-ICICI-SBI-HDFC-BANK:Sensex flat banks gain ahead of RBI review

 

Reuters Market Eye - The Sensex gains 0.05 percent, while the Nifty is up 0.06 percent, ahead of RBI's monetary policy. The RBI faces growing pressure to cut interest rates later on Tuesday for the first time since April after the finance minister on Monday pledged to rein in the country's fiscal deficit.

NSE Bank Nifty<.NSEBANK> was up 0.5 percent: ICICI Bank up 0.9 percent, while State Bank of India gains 0.7 percent.

Interest-rate sensitive property shares also gain: DLF up 0.7 percent, HDIL rises 1.2 percent.