SBI, HDFC Bank, DLF: RBI policy may trigger an upside in these 5 stocks

Inverse Head and Shoulder in HDFC Bank may incline market participants to add the stock to their portfolio

The RBI announced a status-quo policy, retaining its accommodative stance amid the threat surrounding Omicron coronavirus variant. Accordingly, the repo and reverse repo rates remain unchanged at 4 per cent and 3.35 per cent, respectively. Most interest rate sensitive stocks rallied in this backdrop, with banks ganing the most.

Leading market and economy experts said that the policy outcome was on expected lines. Inflation, however, could sorprise on the upisde in the months ahead.

“The RBI policy announcement was on expected lines as the central bank continued to support growth and sounded caution on the Omicron risk. We