IIP data beats the market Expections September IIP at 2.5%

The Index of Industrial Production for the month is 2.5% vs 0.4% in August.
Consumer Price Index inflation for the month of October is 5.52% vs 6.46% in September.
The electricity growth 3.9% vs 12.9% in August.
The Mining growth was 0.7% vs 2.6% in August.
Basic goods growth was 5.1% vs 9.6% in August
The consumer durable goods growth was -11.3% vs -11.5% in August
The Consumer goods growth was -4% vs -6.9% in August.
THE CAPITAL GOODS GROWTH WAS 11.6% vs -11.3% in August.
The food price inflation was 5.59% in October vs 7.67% in September
Vegitable price inflation was -1.45% vs 8.59% in September.
Rural inflation at 5.52% vs 6.68% in September.
Urban inflation  at 5.55% vs 6.34% in September.
CPI inflation is an important parameter that RBI consider for monetary policy direction.
If global markets support tomorrow Indian markets will hit 8450 mark easily