The IIP has just come in , manufacturing reporting just 1.8% growth in December, 9 month IIP composite managing a low 3.6% against a 7.2% par for the course and the Sensex and nifty looking like they are about to change direction.

Non durable and Durable goods maintained high growth at just less than 14% in staples ( non durables) and Durables a  low 5.3%, electricity down to 9.1% from its 14% and basic goods also under the weather at 4% vs 6.3%.

December Inflation had come in at 7.47% after a 9.11% November but imported inflation is likely to make a cmeback by next month's report. the january WPI report is due over the weekend

Posted via email from The India Investment Post