Analysts said the stock, which has been hit by worries around the windfall tax on diesel and gasoline exports recently, has priced in most of the negatives and valuations are attractive though a runaway rally is unlikely soon.
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