IIP number analysis for february 2011

Industrial growth for the month of February 2011 has dipped to 3.6 per cent. It is the third consecutive month with low single digit IIP numbers. It is increasing the concerns among the economist for the economical growth of India in near term. India has seen slowness in its growth in last few months and with this February data coming at lower than expected level is triggering an alarm among economist and investors.

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Breather for market

Stock markets ended on a high note after crude prices eased up and fallen to 100 dollars per barrel. BSE Sensex closed at 18439.48 up by 265.39 points and NSE Nifty closed at 5531.50 up by 86.05 points. Rise in stock market came as a breather for the investors who were having a tough time. Rally was mainly led and contributed by heavyweights like Reliance Industries, HDFC, TATA steel, Infosys and ICICI Bank.

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Stock Idea- Voltas LTD

In the series of our stock pick, I now present Voltas. Voltas has gone through a lot of beating. Stock Market at large has been go through a lot of pain. Turmoil in middle east, economical recovery in the west and series of scams are mainly responsible for that. There are lot good stock which has taken the beating.

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