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Before Market Opens: Indian markets are set to open on a lower note for the sixth straight session on Friday following disappointing US GDP Data for the March quarter and a fall in global peers. Meanwhile, Gift Nifty also traded 27 points lower. Let's take a look at some key cues before opening:
Sale of 1.545 billion shares in the oil major will begin on June 2
Currency settles at 278.33 against the greenback in inter-bank market
Crude oil prices have dropped amid anxiety surrounding the Organization of Petroleum Countries meeting at the weekend. Brent crude futures fell by $1.74,
A downward revision to consumer spending meant the US economy grew more slowly than expected