Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 May, 2015 19:16 IST
Expect IIP print for FY13 to remain flat to negative: Angel Broking
Source: IRIS | 11 Jan, 2013, 12.49PM
Comments  |  Post Comment

The Index of Industrial Production (IIP) showed a de-growth of 0.1% in November 2012  as against market expectations of 0.64% de-growth. IIP for the October has been revised upward to 8.3% from 8.2% growth.

Markets were largely factoring in a flat to marginally negative IIP print for November 2012 mainly owing to drawing down of inventory which was likely build-up in October 2012 on the pre-festival season demand. Even the slight 1% yoy growth in the April - November 2012 period can be mainly attributed to healthy growth in October 2012, said Bhupali Gursale, economist at Angel Broking.

''We believe that the Reserve Bank's stance has increasingly shifted towards supporting growth rather than focusing solely on inflation management and with recent moderation in core inflation, we expect the RBI to ease the repo rate by 25 bps in its January policy decision,'' Gursale said.

"Going forward owing to the high base for the remaining part of the fiscal, we largely expect the IIP print for FY2013 to remain flat to negative," she added.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
RBI removes restrictions on new FII investment in Ipca Lab - 22-May-2015 18:30
RBI raises FII investment limit in Somany Ceramics to 40% - 22-May-2015 18:20
ITC Q4 profit climbs 3.6%, misses forecasts - 22-May-2015 17:38
Karnataka Bank quarterly profit jumps 65.5% - 22-May-2015 15:50
Tata Motors launches PRIMA in Bangladesh - 22-May-2015 15:42
Tata Motors launches PRIMA in Bangladesh - 22-May-2015 15:42
Strides Arcolab turns to profit in Jan-Mar quarter - 22-May-2015 15:30
Punj Lloyd reports Rs 2.69 bn profit in Q4 - 22-May-2015 15:25
No order to recall Maggi Noodles being sold: Nestle India - 22-May-2015 15:19
SBI witnesses improvement in asset quality - 22-May-2015 14:24
Hi-Tech Gears Q4 profit surges 83.78% - 22-May-2015 14:02
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer