Industrial growth has slowed down in the month of May. Index of Industrial Production (IIP) has come in at 5.6% on a year-on-year basis. However, market participants has expected it to be at 8.6%. So a much lower numbers of industrial production. Manufacturing sector has seen a growth of 5.6% in May. During April-May, industrial output grew 5.7 % from 10.8% in the year ago period. This weak data can weaken the markets and can pull them to much lower level that we saw in the last week of the last month of June.
About Bhaveek PatelBhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.
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