“There is no sign of any tiredness in the market at the highs. The near-term upside target to be watched is 17,800 and immediate support is placed at 17,150,” said Nagaraj Shetti, technical research analyst at HDFC Securities.
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