Weak factory output numbers and negative global cues sent the equity market into a tailspin on Monday.
On August 12, when the June 2011 IIP was 8.8 percent, the Sensex was down 1.3 percent. At 3.3 percent, the Sensex has again seen a 2 percent drop today.
The IIP number for July 2011 at 3.3 percent was much lower than the market expectation of 6.2 percent.
The rupee fell to levels last seen 14 months ago on fears of the debt crisis in Euro zone.
The 3.3 percent YoY increase in the official IIP - the lowest since the 2.3 percent of October 2009 - has come mainly from capital goods. The output of capital goods dipped 15.2 percent.
The detailed IIP data is given below.
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| IIP YoY % GROWTH RATES (2004-05 base) |
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