The Bombay Stock Exchanges Sensex plunged following disappointing Index of Industrial Production figures and closed near day\'s lows as risk-averse investors booked profits across the board on concerns of growth slowdown. Weak European markets and sharp fall in Indian rupee also kept bulls under pressure.
India\'s industrial output shrunk by 5.1 per cent in October as compared to growth of 1.9 per cent a month ago. Steep fall was seen across most of the sectors, particularly manufacturing, mining and capital goods. The IIP had grown 11.3 per cent in a year ago.
India\'s industrial output shrunk by 5.1 per cent in October as compared to growth of 1.9 per cent a month ago. Steep fall was seen across most of the sectors, particularly manufacturing, mining and capital goods. The IIP had grown 11.3 per cent in a year ago.
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