HDFC Bank ADR is down nearly 9%, while GIFT Nifty is indicating a 100 point gap-down.
Let's see whether Indian markets follow the ADR signal tomorrow or chart their own course. ๐๐ฎ๐ณ
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My view for Monday:
๐ Expecting a gap-down
๐ข๏ธ Crude could surge by 5%, which may keep sentiment under pressure.
While RIL & ICICI Bank may show strength, weakness in HDFC & Axis Bank could further drag the broader market lower.
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