If one were to look at the average IIP growth for April to August then around 20-25 percent was contributed from this sector, says Anubhuti Sahay, Senior Economist-Global Research, Standard Chartered Bank.
Gaurav Kapur, senior economist at Royal Bank of Scotland expects a large part of growth in the third quarter to come from the farm sector, which may grow over 6 percent. Manufacturing is expected to be in line with the IIP number, it may show negative growth for the quarter.
Thermax‘s profit has been impacted over some quarters due to losses in subsidiaries. However, since last three to four quarters it has been maintaining the order inflow with the run rate of Rs1,200 crore per quarter.
Even though most economists had expected a dismal showing in the month of June, 1.8% contraction the industrial production surprised one and all.
As we head further into July, experts say the spotlight is going to shift to domestic factors, mainly earnings season and macro economic data like inflation and the IIP number.
If the RBI delivers a rate cut in its monetary policy review, portfolio manager PN Vijay sees money moving from banks to infrastructure and real estate names.
In an interview to CNBC-TV18, Sajjid Chinoy, Asia economics, JPMorgan says it will be very tricky for the central bank to go ahead with any rate cuts for FY13 and doesnt see the RBI having any headroom to cut further.
Money market experts believe the fresh wave of liquidity that will come after the CRR cut by 75 bps last Friday will give a boost to markets. What else could affect our market movement today? Find out!
There is still room for the Reserve Bank of India (RBI) to cut the cash reserve ratio (CRR) for banks, RBI Deputy Governor Subir Gokarn said in an interview on CNBC-TV18.
Sonal Varma, India economist at Nomura Financial Advisory Securities says that though the core sector growth number is weaker than expected, the headline IIP is likely to come with some strength.
Sanjay Mathur of RBS expects inflation to ease beginning the first round of cash reverse ratio cuts by Reserve Bank of India.
Devang Mehta of Anand Rathi Financial Services gives CNBC-TV18 the sectors he will add in his portfolio.
CNBC-TV18's show Indianomics looks at the disastrous industrial growth number that has come in for the month of October. Sanjay Nayar, the Head of KKR in India and Ravi Kumar, Former Chairman of BHEL and now Director at Abhijit Power breakdown the IIP number and analyse the different industries and what this number means for investor confidence.
Leif Eskesen, chief economist for India and ASEAN at HSBC feels it is premature to talk about a cut in rate by Reserve Bank of India (RBI). Moreover, he expects the October inflation to be at 9.7%. He indicated that the overall credit growth has signs of slowdown and slowdown in exports will remain a concern.
K Ramanathan of ING Investment Management joins CNBC-TV18 to opine on the way forward for the market. He says that a 25 basis point hike is well in the price and a rate hike seems on the cards though any indication might not come in the speech tomorrow.
CARE Ratings has come out with its report on IIP number.
Taimur Baig, chief economist- India global markets research, Deutsche Bank AG joins CNBC-TV18 to discuss if there are bigger worries about the Indian economy which is why the Sensex and the Nifty are taking their time to get back and follow their Asian peers.
R Seshasayee, CEO of Ashok Leyland tells CNBC-TV18 that the overall production of durables might get affected due to people’s restraint on taking credit due to the high rates.
Anish Damania, Business Head - Institutional Equity of Emkay Global Financial Services Ltd in an interview on CNBC-TV18 spoke about the latest IIP numbers for February and its impact on the market going forward.
Robert Prior-Wandesforde, Head of India & South East Asia Economics, Credit Suisse, in an interview on CNBC-TV18 gave his expectations on the IIP number.
India's industrial output in November rose a slower-than-expected 2.7% from a year earlier, well below the previous month's revised annual growth of 11.3%, government data showed on Wednesday.
Udayan Mukherjee, Managing Editor, CNBC-TV18 says that ofcourse the average on the closing was still 5,750 but that may have raised hopes that there could be some short covering after all and it may not be a one way breach of that November low like it looked scarily at 3o’clock.