RBI MPC meeting October 2026: Why HDFC Bank, ICICI Lombard, Coal India, TCS likely to gain if bank announces rate hike?

RBI reported movement of 5.50% and 25 bps. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -1.2% on the day at ₹702.65, and has returned -15.3% over three months. It sits 30% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -4.0% over the same period, so HDFC Bank is running 11.3 points behind its peers.

This is a Rate / liquidity policy event. Rate direction moves bank margins and the discount rate applied to every long-duration asset. The commentary usually matters more than the decision, which is often already priced. On the day the stock is -1.2%, so a modest reaction.