Zee Media Bureau
New Delhi: The factory output, measured by the Index of Industrial Production (IIP), slowed to 2.7 percent in May, compared with a revised 3.36 percent in April, according to the government data released on Friday.
The cumulative industrial output growth for April-May was at 3 percent. Manufacturing sector output stood at 2.2 percent versus 5.1 percent, month on month.
Mining, manufacturing and electricity sectors growth rates were reported at 2.8 percent, 2.2 percent and 6.0 percent as compared to May 2014.
The BSE benchmark Sensex on Friday moved between 27,729.46 and 27,530.90 before settling at 27,661.40, up 87.74 points, or 0.32 per cent.
The 50-share Nifty too climbed 32 points, or 0.38 per cent, to end at 8,360.55.
Sentiment turned for the better after European markets rallied on improved prospects of a Greek deal this Sunday. The smart rebound in Chinese stocks only added to the feel-good factor.
