IIP DATA

At 7:25 AM, GIFT Nifty futures were trading 105 points lower at 24,543 levels, hinting at a gap-down start

As the markets prepare to open, the mood is upbeat. At 6:34 AM, the GIFT Nifty futures are trading 28 points higher at 24,762 levels, hinting at a positive start

The Ministry of Statistics and Programme Implementation on Tuesday announced the advancing of release time for macroeconomic data Consumer Price Index and Index of Industrial Production by about one and a half hours. The data on the Consumer Price Index (CPI) and Index of Industrial Production (IIP) are currently released by the Ministry of Statistics and Programme Implementation (MOSPI) on the 12th of each month at 5:30 pm (the next working day if the 12th falls on a holiday in case of CPI) and the previous working day (if 12th falls on a holiday in case of IIP), an official statement said. According to the statement, to provide more time on the day of release to access CPI and IIP data, the MOSPI has decided to revise the release time for the CPI and IIP from 5.30 pm to 4.00 pm on the 12th of every month (the next working day if the 12th falls on a holiday of CPI) and the previous working day if 12th falls on a holiday, in case of IIP). The ministry explained that the new release

Cuts it to 6.9-7.1% from 7.1-7.4% estimated earlier in its April study

Experts attribute the fall to more than usual rainfall, demand slowdown

Food inflation remained declined to 5.42 per cent in July from 9.36 per cent in June

The coal sector has registered a growth of 10.2 per cent among all eight core industries of the economy in May, the government said on Thursday. The index of coal industry has reached 184.7 points during May as compared to 167.6 points during the same month last year. "The coal sector has demonstrated highest growth of 10.2 per cent (provisional), following the electricity industry among the eight core industries for the month of May, 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries," the coal ministry said in a statement. The driving force behind growth can be attributed to a considerable rise in coal production during May. This increase in production underscores the sector's capacity to meet growing demand of energy and manufacturing industries. The exceptional expansion of the coal sector, coupled with its substantial role in propelling the overall growth of the eight core industries, stands as evidence of .

Infrastructure goods and capital goods grew at a robust 8.1 per cent and 10.95 per cent, respectively

Mining output rose by 9.8 per cent and power generation increased by 10.4 per cent during the month under review

The IIP manufacturing for November expanded to its highest in five months after a subdued performance in October 2022

This is the first time in 11 months that the retail inflation print has come within the RBI's tolerance band of 4% (+/-2%)

India's industrial production grew 3.1 per cent in September, according to official data released on Friday. The Index of Industrial Production (IIP) had grown 4.4 per cent in September 2021. As per the IIP data released by the National Statistical Office (NSO), the manufacturing sector's output grew by 1.8 per cent in September 2022. The mining output rose 4.6 per cent and power generation increased 11.6 per cent during the month.

Retail inflation was 4.91% in November 2021 and 4.59% in December 2020

The index had risen 4.5 per cent in October last year against 1 per cent in the previous month

This marks the fourth consecutive month inflation has been within the Reserve Bank of India's tolerance band of 2%-6%

The manufacturing sector's output surged 10.5% in July 2021

Manufacturing sector output, which accounts for more than three-fourths of the entire index, registered a growth of nearly 200 per cent

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Weakness in index heavyweight Reliance Industries and banking and financial stocks was what dragged indices lower even as IT stocks, without much success, tried to cushion the fall

Industrial output shrinks 1.6% in January