1.India CPI rises to 5% & IIP slows to 3.2%. The downside surprise came from Food inflation whereas core inflation stood at 6.45%.The IIP slowdown can be attributed to consumer non durables.Expect one more rate hike in H2 2018 but MPC to stay on hold in August policy.

The widely followed Nifty 50 index is trading at just 5.2 percent lower than its highs, but the number of stocks touching new depths has been continuously increasing.