Friday’s IIP data for June is likely to be disappointing as well.

The opening today is likely to be a little higher today, as FIIs continue to pour money into Indian equities. Asian markets are mixed while Chinese stocks are quiet after data illustrated that Chinese inflation hit a fresh two and half year low in July. Main indices in the US and Europe finished flat overnight.

A wave of private research have cut India’s FY13 GDP growth forecast. A failed southwest monsoon has added to macro-economic problems.
Friday’s IIP data for June is likely to be disappointing as well.
Important Chinese economic statistics are due on Thursday

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