Friday, December 11, 2009

Below expectation IIP numbers pulled market down from 18 months high..

Nifty touched a new 18 months' high 5182.55 but lost the steam immediately because of unexpected Oct.2009 IIP numbers. Market expectations were 12.5% and reality was 10.3 %

Mining sector growth: 8.2%


Electricity sector growth: 4.7%

Basic good growth: 5%

Capital goods growth: 12.2%

Intermediate goods growth: 14.3%

Consumer goods growth: 11.8%

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