Nomura is of the view that IIP data is under-estimating the real industrial cycle, and this anomaly will be corrected only when the final data are released
Inflation based on consumer price index (CPI) for November is expected to soften further led by favorable base. A CNBC-TV18 poll of analysts estimates the inflation to come in at 4.4 percent as against 5.5 percent on a month-on-month basis.
Markets remained lacklustre as investors chose to stay on the sidelines despite a positive October IIP number and news of an agreement between government and Opposition on the crucial Banking Bill.
Equity benchmarks made feeble attempt to move upward led by auto stocks, but stayed largely flat even as industrial output for the month of October numbers surprised on the upside.
Banking editor Latha Venkatesh explains that the CNBC-TV18 poll has thrown up a much better level of 4.5 percent as industrial growth for October which looks much better compared to the minus-0.4 percent that was notched up in September.
SP Tulsian of sptulsian.com joins CNBC-TV18 to discuss sectors and stocks in news today.
Speaking to CNBC-TV18, MS Unnikrishnan, managing director of Thermax agrees that the industry is seeing a slowdown in order inflows. In fact, going ahead too, the situation remains grim according to him.