The Nifty 50 and Sensex on Monday, were higher, but the Nifty bank slipped, while the midcap index rose. It was largely a mixed session, but both benchmark indices did build on Friday's gains.Today, one key factor to watch out for is the foreign institutional investor (FII) flows. FIIs have net sold for eight consecutive sessions since July 27. On Monday, they net sold around Rs 1,893 crore and they have net sold around Rs 10,000 crore in these eight sessions.Global markets on the other hand are witnessing some recovery. The US markets snapped their four-day losing streak on Monday.The CPI data on Thursday for July is going to be the next cue to watch out for. CPI inflation is estimated to come in around 3.3 percent.Asian stocks are mixed in today's trade, ahead of the Chinese trade data. Crude prices have come off, which is a positive for the Indian markets. However, the GIFT Nifty is indicating a bit of a lower start.

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08 Aug 2023