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SBI, DLF, Bajaj Auto, Manappuram look good on charts post RBI policy

Manappuram Finance has so far on Friday post RBI rate hike has logged its biggest intra-day gain this year, the stock along with DLF, SBI and Bajaj Auto can rally up to 14 per cent in the near term.

RBI Policy | sbi | Market trends

Avdhut Bagkar  |  Mumbai 

RBI policy

The RBI Governor, Shaktikanta Das on Friday announced a 50 basis points (bps) hike in repo rate. This is the third straight rate hike since May this year as the Central Banker aims to combat soaring inflation.

Among the other key takeways the Central Banker, cut Q2FY23 inflation forecast to 7.1 per cent from 7.4 per cent earlier, while increased the Q3 forecast to 6.4 per cent from 6.2 per cent. The governor, however, retained real gross domestic product (GDP) growth rate at 7.2 per cent for the current financial year.



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First Published: Fri, August 05 2022. 12:48 IST