Index of Industrial Production [IIP] data for the Aug’ 09 went up 10.4 % as next to 6.89 % in the July month. The industrial unit production has recorded a good development when measured on annual basis.  Manufacturing production positioned at 10.2 % as alongside 1.7 % a year previously.

The Nifty carry on hanging around the five thousand mark. The index reached a point of 4999 & then repeated a bit in spite of improved IIP figure in August 2009.[smartads]

In the meantime, the BSE Sensex is increased by 171 points and reached at 16,814. The market width carries on favoring the bulls. Around 2,583 stocks have been traded so far from which 1550 have increased while 961 have turned down.

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