One of India's main export destinations, the euro zone, is struggling to revive its economy and battling disinflation.
The HSBC Manufacturing Purchasing Managers' Index, compiled by Markit, fell to 52.4 in August from 53.0 in July but chalked up its tenth month above the 50 mark that divides growth from contraction.
The HSBC Services Purchasing Managers' Index , compiled by Markit, fell to 50.6 in August from 52.2 in July.
The survey showed firms' confidence regarding future business grew at the slowest pace in a year last month.
The Sensex ended below 28,000 for the second straight day at 27,869.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
HSBC PMI falls to 50.7, slow domestic demand offsets pick up from abroad.
The HSBC Services Purchasing Managers' Index eased to 53.0 in March from February's eight-month high of 53.9.
Economic recovery in US, euro zone help; new orders sub-index at 52.4
The index went below the crucial 50 mark.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
New York's main contract, West Texas Intermediate for February delivery, was up 22 cents at USD 98.64 in mid-morning trade while Brent North Sea crude for February rose 17 cents to $ 110.97.
n New York market, the dollar posted second-quarter losses against nearly all major rivals yesterday, with the exception of the euro.
In New York market, the dollar was little changed against major rivals yesterday as investors continued to comb through economic data and speeches from central bank officials to get a better sense of when the Federal Reserve could begin to raise interest rates.
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The rupee was last at 62.05/06 after gaining to as high 61.9650 against the dollar, its highest since Nov 19. It had closed at 62.44/45 on Friday.
Exports had risen over 11 per cent in July, year-on-year.
However, IT stocks fell on weak growth forecast by Gartner
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
Custodian banks are selling dollars for their foreign fund clients.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
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