Mid-session Outlook(12-12-2011)
Poor and disappoing IIP data triggered down moves and Nifty slipped below 4842. Most depressing point is Capital Goods numbers are at -25.5%. As so high negative growth therefore market reacts through sharp declines. Although market recovered and Nifty is trading above 4842 but market final reaction on today declared IIP Numbers will be understood through sustaining beyond 4842.
Poor and disappoing IIP data triggered down moves and Nifty slipped below 4842. Most depressing point is Capital Goods numbers are at -25.5%. As so high negative growth therefore market reacts through sharp declines. Although market recovered and Nifty is trading above 4842 but market final reaction on today declared IIP Numbers will be understood through sustaining beyond 4842.