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Strong recovery seen as IIP numbers – Rises 16.8% in Dec

Posted on: February 12th 2010 in Market News.

Industrial production surged by a stunning 16.8 per cent in December 2009, against the contraction of 0.2 per cent in the same month a year ago, driven by a robust performance by the manufacturing sector, particularly consumer durables. Manufacturing sector, which have around 80 per cent…

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IIP numbers drag markets

Posted on: December 11th 2009 in Market News.

The Nifty has retraced sharply after touching a new 18-month high of 5,182.55 as the IIP (index of industrial production) numbers were below expectations. The Sensex is quoting at 17,161, lower by 27 points, and the Nifty is at 5,117, lower by 17 points. The October IIP came in at 10.3% …

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WHAT A BUMPER DIWALI !

Posted on: October 13th 2009 in Market Outlook.

Diwali is near, and it seems that we might continue some more positiveness in the markets, as the Industrial growth rose to a 22 month high figure August 2009. The latest IIP data has shown a year on year growth of 10.4% in output, making a 22 month high since the 12.2$ of October 2007. T…

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IIP Numbers – GDP grew 5.8% in Jan-March quarter

Posted on: May 29th 2009 in Press Releases.

The sectors which registered significant growth rates in Q4 of FY09 over Q4 of FY08 are ‘construction’ at 6.8%, `trade, hotels, transport and communication` at 6.3%, `financing, insurance, real estate and business services` at 9.5%, and `community, social and personal services` at 12….

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