With the Nifty on Tuesday managing to close above 17,000 for the second day after declining below it earlier in the session, market participants are betting that the market may not fall further in the near term unless the index closes below this level.
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