Market opened flat and witnessed volatility.Nifty made an intraday high of 5158.10 and slipped to day's low of 5122.10 after the announcement of January 2010 IIP numbers.Nifty closed at 5138.80 with gain of 5.40 points while Sensex closed at 17171.74 with a marginal gain of 3.78 points.
Among the BSE Sectoral indices,Metal index gained by 0.67% and Oil&Gas Index hained by 0.49% whereas Realty index was down by 0.89%.
Cairn gained 4.29% today among Nifty50 stocks to close at 277.40 and Hindustan Unilever was the top loser shedding 3.82% to close at 220.05
Market breadth was negative to nearly 1.97:1 as stocks gained were 436 and declined were 862.
Jauary,2010 IIP :
Industrial output grows by 16.7% in January
Industrial production grew by a robust 16.7 per cent in January compared to just one per cent in the same month a year ago, led by a good show from the manufacturing sector.
Manufacturing, which has around 80 per cent weight in the Index of Industrial Production – a measure of factory output in the country – rose by 17.9 per cent during the month against one per cent a year ago.
Within manufacturing, capital goods surged by a stunning 56.2 per cent in January against 15.9 per cent same month last year.
The consumer durables segment zoomed 31.6 per cent against 2.1 per cent growth in January last year.
For December 2009, industrial production was higher at 17.6 per cent, up from the provisional estimate of 16.8 per cent.
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