Data released by the Central Statistics Office (CSO) on Thursday reflected signs of a turnaround in industrial production after the abysmal 0.9% growth recorded in July.

The Central Statistics Office also revised the August inflation downwards to 3.28 per cent from 3.36 per cent. The data revealed the overall food inflation moderated to 1.25 per cent in September from 1.67 per cent in the previous month.

The benchmark Sensex went up 113 points and the NSE Nifty seized control of 10,000 level on Thursday as domestic investors raised the bar ahead of key industrial output numbers to be released later in the day.

The August inflation number is the highest since March 2017, when it was recorded at 3.89 per cent.

GST, demonetisation pull down GDP growth sharply in the first quarter of 2017/18.

Besides, segments like mining, power generation, infrastructure/construction goods and consumer durables recorded poor performance.

After a brief uptick, business confidence plummets again with corporate leaders expecting a negative impact of GST on consumption and slowdown in investments, finds the latest Business Today-C fore Business Confidence Survey.

Fresh investments are slowing due to poor demand and low capacity utilisation. This has worrying implications for future growth.

The Indian benhmark indices nosedived at the strike of the opening bell in this week's trade on the back of weak global markets and investor reaction to the GST Council's meeting on Sunday where it reduced the rates for 66 items.

The Monetary Policy Committee (MPC) met today for the second edition of bi-annual policy meeting to review the interest rates.

A portal is being planned for online collection of data on industrial production for greater accuracy in assessing the economic activity, Statistics Minister D V Sadananda Gowda said today.

With changes in WPI and IIP, along with a stabilised GST, GDP numbers may become more credible, says Pronab Sen

CSO is working hard to modernise India's data collection methods and also the way it calculates various economic indices.

Sensex opened at a fresh record high, crossing its earlier mark of 30,366.4 while the Nifty too breached its earlier mark of 9,450.6. Large stocks performed well in early trade led by Reliance Industries.

Indian benchmark indices settled the day at record highs.

The total number of items in the index has increased to 809 as compared to 620 earlier. The changes effected by the government in the product basket are aimed at capturing the economic data in a more comprehensive manner.

India's consumer inflation is expected to have eased to a three-month low in April, helped by smaller rises in food prices, but with a summer rebound in prospect the Reserve Bank of India (RBI) is likely to keep interest rates on hold.

Benchmark indices ended the day on a flat note with Bank Nifty as the main sectoral loser.

The government will release on Friday the new series of Index of Industrial Production as well as Wholesale Price Index, with 2011-12 as the base year, so as to map economic activities more accurately.

The stock market this week will be guided by the next set of corporate earnings, macroeconomic data and French elections result, say experts.