The Nifty and the Sensex breached hurdles and may continue to move up

Taking positive cues from the US market, which is at a record high, and the positive trend in Asian markets, domestic indices can begin the week on an optimistic note. Wholesale price inflation (WPI) slowed to an 11-month low of 0.9 per cent in June due to subdued food inflation and weak manufacturing prices. Lower inflation coupled with decline in IIP growth has led to renewed call for a rate c...