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The output growth of core-sector industries touched a four-month high of 3.2% in September from a year before, as electricity generation scaled a 11-month peak and fertiliser production surged to its highest since February 2010 aided by favourable bases.
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Riding high on festive demand, car sales grew at a brisk pace with the market leader Maruti Suzuki India and rival Hyundai Motor India posting their best-ever monthly dispatches in October. Honda Cars India, Mahindra & Mahindra and Tata Motors also saw sales rise during the month.
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Continuing its losing streak for the fourth straight day, gold prices eased further by Rs 10 to Rs 26,810 per ten grams at the bullion market today, tracking a weakening global trend and slackened demand from jewellers. Silver also dropped Rs 270 to Rs 36,500 per kg on reduced offtake by industrial units and coin makers.
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The 30-share BSE barometer Sensex shuttled between 26,378.26 and 26,824.30 during the day and finally ended lower by 97.68 points, or 0.37 per cent, at 26,559.15.
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The broad-based NSE Nifty today went below the crucial 8,000-mark to touch a low of 7,995.60 before settling 15 points down at 8,050.80.
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India's manufacturing sector growth slipped further and touched a 22-month low in October largely due to a slower increase in new orders, but firms hired additional workers, a Nikkei survey said today.
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The rupee plunged by 32 paise against the US dollar to one-month low of 65.59 on fresh demand for the American currency from banks and importers amid persistent fall in equity markets coupled with strong foreign capital outflows.
