NEW DELHI India's infrastructure sector output grew 6.5 percent in October from a year earlier, higher than a revised annual growth of 5 percent in the previous month, government data showed on Friday.
The infrastructure output for eight sectors - coal, crude oil, oil refinery, natural gas, steel, cement, electricity and fertilisers - grew at 3.7 percent in the April-October period from 4.3 percent a year earlier.
The infrastructure sector accounts for 37.9 percent of India's industrial output.
(Reporting by Manoj Kumar; Editing by Devidutta Tripathy)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article