Reacting to this, shares of Indiabulls Housing Finance, L&T Finance Holding, LIC Housing Finance, and PNB Housing Finance fell in the afternoon session.
Also, PSU banks fell over 1.5% led by J&K Bank, Indian Bank, Bank of Baroda, Punjab National Bank, and Union Bank of India.
Shares of Allahabad Bank slumped 6% after disappointing Q3 earnings.
Meanwhile, the Sensex is up 389 points and the Nifty jumped 108 points at 12,216.
India VIX shed 1.83% at 13.62 level.
Shilpa Medicare, Metropolis Healthcare, Ipca Labs, Hindustan Unilever, GSK Consumer, Can Fin Homes, Strides Pharma, Dabur India, L&T Infotech, Relaxo Footwear and Asian Paints stocks that hit a new 52-week high on BSE.