US PPI & Core PPI also came below expectation, indicating softening of inflationary pressure. PPI = Purchaser Price Index.
India’s CPI inflation data for July is expected to come at 6.68%. CPI Inflation data for June was at 7.01%
VIX @ 18.36: below 20, within comfortable level.
Approach on Indices: Rally in Indices have been without any major correction or consolidation; we continue to remain cautious and expecting some consolidation from next Tuesday.
Market View: We continue to focus on Mid-Cap & Small-Cap stocks with strategy to play momentum on scrips surrounded by news or result.
SGX Nifty @ 17697.50 up 9 points at 8:40 AM
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