0.52% week on week. SBI ignited rate war among PSU banks by cutting 50bps on savings bank accounts interest rate on balance below Rs 1 crore. This week, we have China trade balance data on Tuesday, China inflation data on Wednesday and US inflation, as well India Industrial Production data to be released on Friday. In last week Nifty made a high of 10137 and closed at 10066, fifth consecutive higher closing on weekly scale. ...& ANALYSISEvents like China trade data, US inflation, India IIP, etc., coming up this weekIndices may go into consolidation mode awaiting cues from results seasonThe writer is head-retail research, Motilal Oswal Securities

Source: dna August 07, 2017 01:52 UTC