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Stock market opens marginally lower despite CPI inflation hitting 5-year low
The stock market opened on a subdued note on Tuesday, reflecting the latest economic data releases. India's consumer price index (CPI) eased to 3.54 per cent in July, marking a nearly five-year low, falling below the Reserve Bank of India's (RBI) target of 4 per cent while industrial production (IIP) recorded a growth of 4.2 per cent in June 2024. Despite these developments, market sentiment remained cautious, leading to a flat opening.