IGI Logo

Below the Quote on Market Macros by Shrikant Chouhan, Head Equity Research, Kotak Securities

On the domestic front, two key economic indicators are scheduled for release today: the Industrial Production figure, anticipated at 5.5% year-on-year, and the Inflation rate, projected at 3.65% year-on-year. In the U.S., attention will also be on inflation, with expectations for Core PPI and PPI readings at 0.2%.

Wednesday's Core CPI and CPI data will be crucial for the dollar, with both expected to show slight increases. In the commodities market, oil prices remained stable in Asian trading on Monday, supported by reports of a potential Iranian strike on Israel, possibly occurring within days. This situation has raised concerns about an escalation in the Middle East, leading to increased risk premiums on oil due to fears of supply disruptions from the region.

Above views are of the author and not of the website kindly read disclaimer