Just when you thought that things were looking up for the market, IIP
numbers spoiled the party. The Fed’s plan to lend treasury securities to
improve liquidity revived global market sentiment. Added to this is the
widely anticipated 50-75bps rate cut by the US Central Bank. But in
spite of an up- move in global markets, Indian equities shed their
morning gains on weak IIP numbers and lack of FII buying.
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