Indian market bounced back but Nifty50 could face some resistance above 17700-17750 levels, suggest experts. Indian benchmark indices underperformed the broader indices on Wednesday. We expect current volatility to persist as investors are cautious regarding another 75bps rate hike by the US Fed, Mohit Nigam, Head – PMS, Hem Securities, said.
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