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

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.