"index-of-industrial-production-iip"

Industrial production has been hit due to the coronavirus pandemic since March last year when it had contracted 18.7 per cent.

According to the partial data released on Friday by the NSO, the IIP (general index) stood at 126.6 points in April this year.

The rise in domestic indices came on the back of a positive trend in the global markets along with robust Q3 earnings.

However, observers cited that even volatility on account of profit booking will likely trigger in bottom fishing, thereby reigniting the up move.