IIP data drags down the Nifty Index

NIfty index hits new 52 week high on Dec 11 just before the IIP data was announced and there was a sharp decline after the data was announced stating that it was beyond expectations.

Month on month basis data (MOM)

• Oct IIP data @ 10.3 pc vs 9.1 pc
• Mfg sector @ 11.1 pc vs -0.6 pc
• Electricity goods @ 4.7 pc vs 4.4 pc
• Basic goods @ 5 pc vs 32. pc
• Capital goods @12.2 pc vs 4.2 pc
• Consumer goods @ 11.8 vs -0.9 pc
• Industrial goods @ 7.1 pc vs 4.3 pc
• Mining sector @ 8.2 pc vs 3.2 pc