Bank shares gain; SBI jumps 4 percent

Reuters Market Eye - Shares in banks gain ahead of RBI policy review due on Dec. 2. Traders say the gains are in anticipation of a rate cut.

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

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

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

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

(Reporting by Indulal PM)