http://www.researchvia.com/nifty-futures/
Nifty Tips: Bengaluru: India`s services industry fatten for a second month in August but optimism fell to its lowest level since late 2005, a observation showed on Thursday, keeping pressure on the Reserve Bank for another rate cut later this month to bolster a slowing worth.

The Nikkei/Market Services Purchasing Managers` Index rose to 51.8 in August from July`s 50.8, marking a second month above the 50-level that divided growth from contraction.

However, concerns over future economic conditions sent the sub index measuring business hopefulness down to 53.3, its lowest since the survey began.

The relatively downbeat observation, coupled with low inflation and disappointing economic growth in the March-June quarter, is likely to add to calls for the Reserve Bank of India (RBI) to cut its key repo rate again at its Sept. 29 meeting.

"With growth remaining relatively weak and survey evidence pointing to a lack of inflationary pressures across the country, further rate cuts are on the cards," said Pollyanna De Lima, statistician at survey compiler Market.

The RBI has already trimmed interest rates three times this year and with consumer price inflation at a record low 3.78 percent in July, Governor Raghuram Rajan was already under tension to ease again.

Rajan is being pressured by government officials clamoring for another rate cut as early as this month but the governor has goes on to urge caution as the monsoon season is not yet over. Still, a Reuters poll conducted last week put the possibility of a September rate cut at 60 percent.