[sharetrading] IIP NOS market reaction

 

 
The industrial output rose at a faster-than-expected 16.8 per cent in December from a year earlier, helped by stimulus measures that boosted domestic demand, data showed on Friday.

The median forecast in a Reuters poll was for an annual rise of 12 per cent.

Manufacturing production rose 18.5 per cent in December from a decline of 0.6 per cent a year earlier.

The November industrial output was revised up to 11.8 per cent from 11.7 per cent.

Industrial output rose 2.6 per cent in the 2008/09 fiscal year (April-March), slower than 8.5 per cent in 2007/08 as the global economic downturn hit Asia's third-largest economy.
 
What will be the the reaction on monday?????

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