Quote on Market macros from Shrikant Chouhan, Head Equity Research, Kotak Securities
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Below the Quote on Market macros from Shrikant Chouhan, Head Equity Research, Kotak Securities
“Oil prices dipped slightly in Asian trading on Wednesday, hovering at four-month lows following industry data that indicated an unexpected large increase in U.S. inventories. U.S. crude oil inventories rose by 4.052 million barrels, contrary to the forecasted decrease of 1.9 million barrels. India's Service PMI came in at 60.2, down from 60.8 in April. Later today, traders will be watching for the U.S. ISM Service PMI data, which is expected to be 50.5. Tomorrow, attention will turn to U.S. jobless claims data, forecasted to be around 220K.”
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