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    HomeNewsBusinessMarketsPoor IIP nos add to market injury, cherry-pick now: Experts

    Poor IIP nos add to market injury, cherry-pick now: Experts

    December IIP number does not come as a surprise, say experts but it has come at a time when other developed economies have begun to do well

    February 11, 2011 / 14:29 IST

    Equity benchmarks fell some more after the disappointing Index of Industrial Production data for December, but market participants say share prices have already factored it in to a large extent.


    The 30-share Sensex was down 110.36 points at 17352.68, and the Nifty was down 31.60 points at 5194.20 in the afternoon trade.

    December IIP was 1.6% compared to 2.7% the previous month. Among the index constituents, capital goods showed a negative growth of 13.7%, and growth in segments like mining, consumer durables and manufacturing fell sharply.
    first published: Feb 11, 2011 12:41 pm

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