"A sustainable positive growth in IIP data could only reflect that the industrial output is on its way to recovery. "My reading is that the global liquidity situation is fluid as every economy is following a loose monetary policy. "Lack of followup buying since last three sessions after the recent breakout should be a worrisome factor for the bulls. This stock has risen 23 per cent in the past one quarter. PNB, which has risen 71 per cent in the past quarter, fell 2.5 per cent, Indian Bank shed 4 per cent after rising over 100 per cent in the past one quarter.

Source: Economic Times September 12, 2016 04:13 UTC