1 / 5US Inflation cooled more than expected. US' July CPI indicated prices rising by 3.2 percent year-on-year, which was lower than the 3.3 percent forecast by economists. US markets ended Thursday's trading session in the green, US futures were higher.
2 / 5Foreign investors bought in cash for the second-straight day. Foreign institutional investors (FIIs) bought Rs 1,000 crore in two trading sessions. Nifty is facing resistance at 19,800, but the uptrend is intact.
3 / 5Banks continue to be drag, post the RBI policy. The RBI announced that all scheduled banks will need to maintain an incremental CRR of 10 percent on the increase in their net demand between May 18 and July 28. Nifty Bank is now down 3.5 percent from July highs.
4 / 5In result reactions, decent earnings came in from Hero MotoCorp, Apollo Tyres, Torrent Power, Mtar Tech.
5 / 5in results to watch out for toda , ONGC, Muthoot Finance, Apollo Hospitals, ABB, City Union Bank, Glenmark Pharma, Hindustan Aeronatics will be reporting their numbers.
