*Nifty at 2 months lows - Oversold, a bounce is overdue* U.S. stocks finished mixed on Tuesday, with the S&P 500 posting its first back-to-back losses since early September, as investors considered rising Treasury yields amid concerns about a soaring U.S. deficit after the upcoming presidential election. US stocks struggled in late hours after downbeat news from some key American companies, with traders also mulling prospects for a slower pace of Federal Reserve rate cuts. Asian shares mostly rose in early trade on Wednesday, despite lower US Benchmarks and subdued risk appetite as traders mulled the prospect of less aggressive Federal Reserve interest rate cuts. Govt advances disinvestment process for IDBI Bank, due diligence to begin in November German company Allianz SE is considering an exit from its life and general insurance joint ventures with Bajaj Group. Bajaj Finserv holds a 74% stake, while Allianz holds 26%. Rites received an order worth Rs 454 crore Nifty ended at the lowest level in over two months on October 22 suffering under selling pressure from FPIs and local traders. Markets witnessed higher volumes on a down day even as investors disappointed with underwhelming Q2 numbers sold stocks regardless of prices to protect whatever profits are left on the table for them. 24197-24367 band is the next support for the Nifty in the near term. As the Nifty has become oversold, a bounce is overdue which could go upto 24756-24832 band. Indian markets could open flat to mildly higher, in line with mostly higher Asian markets today and mixed US markets on Oct 22