According to the official industrial data, industry grew 2.7 per cent in May, more than double the 1.2 per cent in the previous month. During the month, manufacturing sector output rose by 2.5 per cent, while mining and power generation grew 3.7 per cent and 3.3 per cent, respectively.
Excise duty cut of Rs 6,000 on big cars to be passed to customers; LCDs cheaper by Rs 3,500.
Pharma and the Oil sector have ended in negative territory. Volume registered a noticeable decrease (read as turnover) while the undertone seemed positive.
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