Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, L&T, Maruti, TVS Motor, Indian Hotels, Apollo Tyre, MRF, Titan, and Havells can be bought for trading purpose, said analysts.
RBI: Govt to buy back bonds worth Rs 40,000 crore; move to ease tight liquidity
The unexpected move is also seen bringing down yields on short-term government bonds, as the three securities that the government has chosen to buy back