India's manufacturing sector activity remained broadly flat in June as new orders declined for the first time in over four years and power cuts and fragile economic conditions weighed on the sector's performance, an HSBC survey said.
Investment trend by foreign investors will also be closely watched for stock movement
One of India's main export destinations, the euro zone, is struggling to revive its economy and battling disinflation.
The RBI left interest rates unchanged, saying there was no substantial development on inflation or fiscal fronts to warrant a fresh reduction.
India's private sector activity contracted further in August, reflecting faster contractions of both manufacturing and services output, amid decline in new orders and tough economic conditions.
The survey showed firms' confidence regarding future business grew at the slowest pace in a year last month.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
Manufacturing growth in India lost momentum in February.
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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.
The index went below the crucial 50 mark.
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
The currency got support from dollar flows into local equities and greenback sales from state-run lenders.
In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.
Investors were focussed on the RBI's monetary policy review on Tuesday which will give an insight into its inflation and rates outlook.
Investors watch out for cues from the on-going winter session of the Parliament.
C Rangarajan, chairman, Prime Minister's Economic Advisory Council tells Business Standard that the measures taken by the government will lead to economic growth of at least 6 per cent in FY14 against a decadal-low growth of 5 per cent in FY13.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
L&T, ONGC and banking scrips power gains in today's trade
Custodian banks are selling dollars for their foreign fund clients.
The Sensex ended down 134 points at 28,559 and the Nifty ended 35 points lower at 8,554
GDP growth in November is the second-highest since January 2012 when it had expanded 5.7%.
Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
Bank of America Merrill Lynch believes this would ease pressures on CAD as $10 a bbl fall in oil price reduces CAD by $8 billion or 0.4 per cent of GDP.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
The 30-share Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
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.
However, IT stocks fell on weak growth forecast by Gartner
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
Markets closed the day in green on favourable domestic factors,
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
Exports had risen over 11 per cent in July, year-on-year.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
The Sensex ended up 244 points at 28,504 on strong global cues.
The broader markets, however, outperformed their larger peers.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
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