Quarterly earnings from IT majors TCS and Infosys, macroeconomic data announcements, and global trends would be the significant guiding factors for the equity market in a holiday-shortened week ahead, analysts said.
Index of Industrial Production (IIP Data), October 2021: Industrial production gauged by the industrial production index, slipped to 3.2 per cent in October, compared to 4,5 per cent in the year-ago period.
Industrial production grew by 11.9 per cent in August 2021 from a year earlier, government data showed on Tuesday, October 12. registering a recovery as a result of the base effect due to the pandemic that affected economic activity last year. The industrial production grew above the 11 per cent mark for the second consecutive month in August.
Index of Industrial Production, June 2021:The manufacturing sector, which comprises 77.63 per cent of the index of industrial production, grew 13 per cent last month
Index of Industrial Production, April 2021: The indices for the mining, manufacturing, and electricity sectors for April 2021 stand at108.0, 125.1, and 174.0, respectively.