The Nikkei India Services Purchasing Managers' Index, which tracks services sector companies on a monthly basis, stood at 52 in September, down from August's 43-month high of 54.7, pointing to a slower and moderate rate of expansion.
A reading above 50 means the sector is expanding, while a reading below 50 means contraction.
The Nikkei India Services Purchasing Managers' Index, which tracks the services sector firms on a monthly basis, stood at 50.3 in February, up from 48.7 registered in January.
Index heavyweights continue to be top losers with ICICI bank.
India's services industry expanded at its fastest pace in eight months in October as new business rose with discounting probably stoking demand, a survey showed on Wednesday.
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Services companies continued to raise prices, though the rate of change was the weakest since April
Inflation in India probably edged up in October as food prices climbed while weak demand is expected to have hurt factory output growth.
On the other hand, jobs increased for the 10th straight month in the manufacturing sector, albeit only slightly
Banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line
The broader NSE Nifty closed below the 10,600 mark by plunging 98.15 points, or 0.84 per cent, to 11,582.35 after shuttling between 11,567.40 and 11,751.80.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
It is the rupee's biggest single-day gain this year.
BSE Bankex and Telecom indices led the fall.
Services growth at 5-month low in Nov as confidence slumps.
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
Adani Ports, HUL and L&T gained the most, while ICICI Bank, ONGC, GAIL and Tata Steel lost the most
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
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.
Markets shrugged off RBI's neutral stance on key policy rates.
Markets in green tracking firm global cues.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
However, IT stocks fell on weak growth forecast by Gartner
At this point of time, the requirement of the economy is obviously more investment, which will create more jobs and increase purchasing power that will sustain a high level of production, says K M Chandrasekhar.
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
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Financials emerged as the top gainers while auto shares rallied on robust September sales
The benchmark BSE Sensex ended down 2.23 per cent. The Bank Nifty fell 3.59 per cent.
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%.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
BSE Mid-cap index ended at a record closing high of 10499.86 and CNX Mid-cap index ended at a record closing high of 12672.85 levels.
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.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances