The HSBC/Markit purchasing managers index for the services industry inched up to 47.1 in October from 44.6 in September, the fourth successive monthly contraction of service sector output across India.
The HSBC/Markit Purchasing Managers Index for the services industry fell to 46.7 in December from 47.2 in November, registering the sixth consecutive monthly drop in output levels, the longest period of continuous reduction since the 2008/2009 global financial crisis.
The HSBC/Markit Purchasing Managers Index for the services industry inched up to 47.2 in November from 47.1 in October, the fifth sub-50.0 reading and indicated an output contraction across the Indian service economy.
The HSBC Emerging Markets Index, a monthly indicator derived from the PMI surveys, inched up to 50.4 in April, from 50.3 in March, signalling only a marginal increase in output across global emerging markets in April.
The HSBC Markit Services Purchasing Managers' Index fell to 51.7 in June from May's three-month high of 53.6, in a sign that Asia's third-largest economy is still struggling to climb out of a quagmire of low growth and high inflation.
The HSBC/Markit purchasing managers index for the manufacturing industry stood at 50.1 in July, slightly more than 50.3 in June, indicating a broad stagnation of manufacturing operating conditions in India.
Strong new business growth was the primary factor.
The index has posted below the 50 mark, which marks contraction, for the third consecutive month.
China posted the sharpest increase in output for 15 months, while India saw the steepest expansion since February 2013.
Meanwhile, outlook for global emerging markets remained relatively weak in September.
Manufacturing growth in India lost momentum in February.
The HSBC Emerging Markets Index, a monthly indicator derived from Purchasing Managers' Index surveys, inched up to 50.6 in May from 50.4 in April, indicating weak output growth across global emerging markets.
That prompted manufacturers to add jobs for the first time since June.
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.
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.
The survey showed firms passed on a greater cost burden to consumers. Prices charged rose at their fastest pace since October.
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 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.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
Services sector slowed down in May on weak economic factors.
HSBC PMI falls to 50.7, slow domestic demand offsets pick up from abroad.
The improvement, coupled with the positive findings of Monday's survey on Indian manufacturing, augurs well for Asia's third-largest economy, which grew at a higher-than-expected 4.8 per cent annual rate in the three months through September.
Economic recovery in US, euro zone help; new orders sub-index at 52.4
The survey showed firms' confidence regarding future business grew at the slowest pace in a year last month.
The HSBC Services Purchasing Managers' Index , compiled by Markit, fell to 50.6 in August from 52.2 in July.
The new orders sub-index, which includes domestic demand as well as orders from abroad, rose to 53.2 in May
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
One of India's main export destinations, the euro zone, is struggling to revive its economy and battling disinflation.
The HSBC Services Purchasing Managers' Index eased to 53.0 in March from February's eight-month high of 53.9.
However, IT stocks fell on weak growth forecast by Gartner
Custodian banks are selling dollars for their foreign fund clients.
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.
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