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Indian Equities Await Inflation Data as Global Markets Tread Cautiously
Indian Equities Await Inflation Data as Global Markets Tread Cautiously
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BTCCSquare news:
Indian benchmark indices are poised for a flat opening as investors brace for domestic inflation figures and a pivotal US CPI report. The Gift Nifty futures hovered NEAR Monday's close at 24,599.5, mirroring the tepid sentiment across Asian markets where the MSCI Asia ex-Japan index inched up just 0.15%.
All eyes are on the US Federal Reserve's rate trajectory, with markets pricing in a 90% chance of a September cut. The geopolitical backdrop remains charged as TRUMP extends China tariff truce and prepares for Ukraine talks with Putin. Domestically, July's retail inflation is expected to dip to 1.76% - potentially slipping below RBI's target band for the first time in six years.
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