Power Breakfast: Global Markets Sluggish Ahead Of China, US July Inflation Data; Nasdaq Slips 1.2%

There was weakness in the US market on Tuesday. Dow Jones has been trading flat since 2 days. Nasdaq slipped 1.2 percent to close with the third day's fall. IT, Semiconductor stocks showed pressure after Nvidia's warning. The effect of the sluggishness in the global market was visible on the Asian markets. SGX Nifty is trading at the level of 17500, down 40 points. Today, July inflation data of China and America will be monitored.