Industrial output as measured by the Index of Industrial Production soared in the month of April to 4.3 per cent beating expectations of most economists.

Food inflation came in at 4.8 per cent as against 5.11 per cent in the previous month. The gains made in the IIP index was largely on the back of a surge in the pick up in capital goods.

Many analysts believe that the data is good given that industrial output has risen and CPI inflation has more or less been under control.

All eyes would now be on the WPI inflation to be released early next week.

GoodReturns.in