“It is anticipated that the MPC's decision will have limited impact on the market, given that the effects of previous policy actions have already been factored in. Additionally, the recent positive push in the markets due to election results has propelled them to record highs,” said Trivesh D, COO, Tradejini.

While some caution is warranted considering the global headwinds such as any potential changes in the US Fed's rates, geopolitical conflicts, and the depreciation of the Indian rupee, the outlook for the Indian market remains bullish, Trivesh said.