India’s industrial output growth remains unchanged at 4% in September

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Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

Technical View: Nifty snaps 7-day rally, likely to consolidate further with crucial 24,000 support; VIX climbs above 16

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The weekly options data indicates that the Nifty may trade in the range of 24,000–24,500 in the short term. The benchmark Nifty 50 remained under pressure for the major part of the session, closing a third of a percent lower due to profit booking on April 24—the monthly F&O expiry session—after recording a 1,960-point gain…