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

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…

Why did Sensex rally 1,950 pts from day’s low on Thursday; key reasons here

Renewed buying by FIIs, coupled with short-covering on hopes of likely trade deals with the US fueled today’s market rally, say analysts. The Sensex reclaimed 78,500-mark, and Nifty topped 23,850.   The Indian equity benchmark indices, the Bombay Stock Exchange (BSE) Sensex and the National Stock Exchange (NSE) Nifty 50 staged a strong rebound from…