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Investors, however, were cautious with India's industrial output expected to have shrank 0.5 percent in October from the same month a year ago, its first decline in over two years, hurt by a slowdown in export growth. The data is due around 11 a.m. (0530 GMT). At 9:18 a.m. (0348 GMT), the 30-share BSE index was up 0.62 percent at 16,313.43, with all but 5 of its components rising. The broader 50-share NSE index rose 0.5 percent to 4,890.85.