In the past week we did have a fairly resilient performance coming in from the Nifty because the Nifty ended the week with a gain of close to around a percent. Remember for the week itself we have a lot of negative new flows that was coming in terms of the P-notes issue and as well as the tax treaty that was signed with Mauritius as well. So, keeping that in mind the Nifty did come in with a good resilient performance. Now we kick started new week and one thing that will really play on the minds of traders is that we were factoring in a good monsoon. Now there is a talk and in fact the MET department has told us that may be in fact it could be delayed a tad bit though they are saying that we will get adequate rainfall this year. So, that is one factor that the market will be watching early this morning.
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