We saw the premium for the Nifty Futures coming back from discount parity towards being at a 35 points premium so that is again a healthy sign for the indices. So I believe that data points as well as the factors indicate that the 17200 or maybe 17160 to be precise could act as a good base for the index.
Tata Steel Q1 updates: India production flat YoY at 5.26 million tons on plant shutdowns
Tata Steel India’s crude steel output remained flat at 5.26 million tons in Q1FY26, while deliveries fell 4% YoY due to maintenance shutdowns at Jamshedpur