 "RBI, interest rate hike, repo rate")
Shares of rate sensitive stocks will be in limelight following the decision of RBI Monetary policy to hold the rates unchanged for the second consecutive meeting.
Shares of Bajaj Auto set a new historic peak, State Bank of India and Axis Bank were seen trading with strong bullish bias on Thursday. Likewise, DLF and Bajaj Finserv traded sideways.
Nifty Bank index achieved a new all-time high on Thursday, with sentiment building robust structure.
Here’s the technical outlook on rate sensitive stocks post RBI Monetary policy:-
State Bank of India (SBIN)
Likely target: Rs 620
Upside potential: 5%
The daily chart of State
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