Nifty current month’s futures closed with a premium of 23.3 on Friday against a premium of 118.1 points to its spot in the previous week. Next month’s future is trading at a premium of 78.65 points.
Monetary policy expectations impact stocks more than rate moves: RBI paper
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy