IIP data misses general consensus - Microsec

Indian markets remained volatile during the week as the investors booked profit across various sectors followed by the apprehension of the Fed tapering.



On domestic front, Indian IIP data missed the general consensus and came at (1.8%) vs. 1.96% MoM. The downturn mainly on account of lackluster performance in the manufacturing sector.

India's CPI data for the month of November surged to 11.24% due to the steep increase in the food articles.

India's Trade Deficit narrowed to USD9.22 billion in November 2013 from USD10.56 billion in October 2013. Trade deficit stood at USD17.2 billion in November 2012. Exports in November 2013, increased by 5.8% YoY to USD24.61 billion. However, it was lower than USD27.27 billion registered in October. Imports in November fell by 16.37% YoY to USD33.83 billion from USD37.83 billion in October. Gold and Silver Imports fell sharply by 80.5% YoY to USD 1.05 billion.

On global front, The U.S. Initial Jobless Claims rose 68000 to a seasonally adjusted 368000 after went down for the three weeks consecutively.

Source : Equity Bulls

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