Indian shares open lower on weak global cues; CPI data on tap
Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services, sought investors to "utilise a buy-on-decline strategy in the broader markets," pointing to the limited downside for Nifty 50.
The benchmark has risen 0.75% so far this week and is on course to extend gains for a third consecutive week.domestic retail inflation data for April, scheduled to be released at 5:30 p.m. IST. India's consumer inflation likely cooled to an 18-month low of 4.80% in April, according to a Reuters poll of economists.
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