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Shares briefly turn negative on IIP data

Shares briefly turn negative on IIP data
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First Published: Fri, Dec 11 2009. 12 50 PM IST
Updated: Fri, Dec 11 2009. 12 50 PM IST
Mumbai: Indian shares briefly turned negative on Friday afternoon, even as industrial output data for October met estimates, as market participants had built hopes the data would beat estimates.
India’s industrial output rose 10.3% in October from a year earlier, matching market forecast, helped by stimulus measures and robust domestic demand, data showed.
At 12:07pm, the 30-share BSE index was up 0.31% at 17,242.20 points, with 21 components advancing. It had briefly turned negative after rising as much as 0.94% earlier.
The 50-share NSE Index was up 0.4% at 5,153.35.
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First Published: Fri, Dec 11 2009. 12 50 PM IST
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