Pre market notes
- Nifty showed good recovery on Friday, Sep 11 from intraday low of 23231 to intraday high of 23448.1 (218 point move). Majority of Nifty gain due to HDFC bank on Sep 11.
- Gifty nifty indicating approx 75 gapup
- Both Infosys and Wipro ADR up 4.7% on Sep 14
- HDFC Bank: Sep 11 - it almost moved 3.8% from intraday low (net gain 2.1%) possibly on news of CEO candidate news.
- HDFC bank ADR was up 6.9% on Sep 11 and down -1.9% on Sep 14. Positive bias on Sep 15.
- Brent Crude oil above 105
- India 10 year bond yield at 7.021 (slowly moving up)
- US 10 year bond yield at 4.968
- Federal bank monetory policy announcement on Wed Sep 16. Will be available in india on Thu Sep 17. Market expecting a slight rate hike.