Tuesday, 16 October 2012

AUGUST IIP NUMBER BEATS SLOWDOWN

Free Stock tips, Nifty future tips, Stock futures tips, Intraday stock tips, NSE BSE tips, Stock today tips. India's industrial production data release on Friday rose by 2.7% modestly. The three sectors that constitute the index are Mining, Manufacturing and Electricity. The monthly growth rates of these three sectors for the month are 2.0%, 2.9% and 1.9% respectively.  

HIGH POSITIVE GROWTH : Telephone Instruments Including Mobile Phones & Accessories’ (18.0%), ‘Antibiotics & its Preparations’ (43.0%), ‘Carbon Steel’ (51.5%), ‘Conductor, Aluminum’ (68.3%), ‘Air Conditioner (Room)’ (76.9%), ‘Tea’ (20.1%), ‘Boilers’ (21.9%), ‘CR Sheets’ (24.9%), ‘Plastic Machinery Incl. Aerated Waters & Soft Drinks’ (55.5%).  

HIIGH NEGATIVE GROWTH : Cable, Rubber Insulated’ [(-) 64.1%], ‘Passenger Cars’ [(-) 17.5%], ‘Sponge Iron’ [(-) 20.4%], ‘Tractors’ [(-) 20.1%], ‘Vitamins’ [(-) 36.1%], ‘Furnace Oil’ [(-) 27.4%], ‘Aviation Turbine Fuel’ [(-) 28.3%], ‘Earth Moving Machinery’ [(-) 19.6%], ‘Cigarettes’ [(-) 17.6%], ‘Ayurvedic Medicaments’ [(-) 25.2%] and ‘Fruit Pulp’[(-)36.3%].  

EFFECT ON EQUITY MARKET : Markets showed muted reaction to the data. Market discount 32 points after releasing the data .The 10-year bond yields briefly fell, but then recovered to 8.17 percent, the rupee weakened slightly to 52.75 from 52.70 beforehand. Both the 1-year and 5-Year swap rates edged down 1 basis point each to 7.60 and 6.99percent respectively.

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