Nifty (24363)
Bank Nifty (55005)

# Our call of the day suggests Nifty’s recent drubbing could take a breather on the backdrop of improving leads from Wall Street.

# The 2-biggest positive catalysts:

1) Fed’s September rate cut is back on the table.

2) In Friday’s negative session, FIIs turned out to be net buyers to the tune of Rupees 1933 crores

# We will however spy with one big eye if the US CPI to be wired this August 12th can move the needle towards a 25 or 50bp rate cut from the Federal Reserve for September.

# Key corporates to announce their Q1 results:

Monday, August 11th: BATA INDIA, BEML, TITAGARH

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