What to Watch. IIP data bode well for manufacturing stocks

Thanks to manufacturing and capital goods, industrial production grew at 7.1 per cent in February. The manufacturing sector grew at a healthy 8.7 per cent in February, compared to almost flat growth of 0.7 per cent in the same month a year ago. Similarly, capital goods output also rose a robust 20 per cent as against a contraction of 2.4 per cent earlier. Investors would welcome the news and focus will be on shares such as L&T, Thermax, LMW, BHEL and BEML.