Good IIP Data : Mraket Close at Day Low

IIP Data: The IIP data for March has come in at 7.3% versus 3.6%, reports NDTV Profit. March capital goods growth is at 12.9% versus 36% (YoY), mining sector growth is at 0.2% versus 12.3% (YoY) while manufacturing sector growth is at 7.9% versus 16.4% (YoY), it adds.

IIP Data: March electricity sector growth is at 7.2% versus 8.3% (YoY), basic goods growth is at 4.3% versus 10.2% (YoY), intermediate goods growth is at 5.4% versus 13.5% (YoY), consumer goods growth is at 7.7% versus 9.3% (YoY), consumer durable goods growth is at 12.3% versus 32.6% (YoY) while consumer non-durable goods growth is at 5.7% versus 1.5% (YoY), reports NDTV Profit. February IIP data has been revised to 3.7 from 3.6%, it adds.

Inspite of good IIP data market slip very sharply. Most of share close at day low. Now this is not a good sign for indian equity market for near term because sensex close 250 down at 18336 and Nifty down 79 point and close at 5486 it's just under basic supprt of 5500 level.