Pre market notes
- Nifty highly oversold. Market expected to be volatile.
- Gifty nifty indicating slight gap up or flat opening.
- HDFC ADR down 1.4% and ICICI ADR down 2.9%
- Infosys ADR down 2.4% and Wipro ADR down 1.7%
- Brent Crude oil above 105
- US 10 year bond yield at 4.98
- Federal bank monetory policy announcement on Wed Sep 16. Will be available in india on Thu Sep 17. Market expecting a slight rate hike. (high impact event)