The Nikkei Markit India Manufacturing Purchasing Managers' Index increased to 50.7 in February
The Reserve Bank of India is expected to keep policy unchanged this week as it looks to control inflation.
Services growth at 5-month low in Nov as confidence slumps.
This is the ninth consecutive month that the manufacturing PMI remained above the 50-point-mark.
A reading above 50 means the sector is expanding, while a reading below 50 means contraction.
'We expect the Reserve Bank of India to deliver a 25 bps rate cut in April to support growth.'
The primary market showed some signs of life in a busy day.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
During March, the rate of inflation slowed to the weakest in four months and was below the long-run survey average
TCS, Bajaj Auto, Adani Ports and Cipla were the top gainers on BSE Sensex while Coal India, GAIL, Dr Reddy's and Infosys lost the most on the index.
The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- declined from 52.5 in April to a three-month low of 51.6 in May.
Regarding employment, the manufacturing sector hiring remained broadly unchanged.
The main factors contributing to the above-50.0 PMI reading were growth of both new orders and output as market conditions returned to normal and led to subsequent improvement in demand.
The Nikkei India Manufacturing Purchasing Managers' Index (PMI) stood at 47.9 in July, down from 50.9 in June, its lowest mark since February 2009, and highlighted the first deterioration in business conditions in 2017 so far.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
Investors indulged in profit booking at attractive and higher valuations
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
However, IT stocks fell on weak growth forecast by Gartner
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Markets in green tracking firm global cues.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
It is the rupee's biggest single-day gain this year.
For the seven months since February 2014, the benchmark index surged nearly 27%.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
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.
The 30-share Sensex ended down 208 points at 27,057 and the 50-share Nifty closed 59 points lower at 8,094.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Financials were the top losers while oil shares also declined amid weak crude oil prices.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
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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