Banks, autos, realty up ahead of RBI decision

Banks, automobile and property stocks rise ahead of RBI's policy decision. Investors expect at least a 25 bps cut in the repo rate, with perhaps a cut of the cash reserve ratio also in the mix.

Banking shares, as measured by the NSE banking index, gains 1.1% after rallying 6.6% this month as of Friday's close

ICICI Bank shares up 1.4%, State Bank of India rises 2%.

Tata Motors gained 2.6%, while Bajaj Auto advances 1.4%. Lower interest rates would lower financing costs for vehicle purchases.

India's biggest property company DLF gains 1.4%.