This is the ninth consecutive month that the manufacturing PMI remained above the 50-point-mark.
On the employment front, services employment was unchanged in April.
Reflecting a loss of "growth momentum", manufacturing activities in the country slowed down to a six-month low in March amid softer increases in new orders, production and employment, according to a survey.
A reading above 50 indicates expansion while a one below this level means contraction.
A reading above 50 means the sector is expanding, while a reading below 50 means contraction.
Service providers' confidence with regard to the 12-month outlook for business activity remained positive.
TCS was the top gainer in the Sensex pack, rising around 2 per cent, followed by ONGC, SBI, L&T, Infosys, HCL Tech, ICICI Bank and Axis Bank. The broader NSE Nifty surged hit a record high of 14,109.40.
A reading below 50 means contraction in the sector.
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 upcoming corporate results season and the approaching Union Budget kept investors on their toes
Regarding employment, the manufacturing sector hiring remained broadly unchanged.
A reading above 50 represents expansion while one below means contraction.
The breadth, indicating strength of the market was strong
Manufacturing production growth eased in May, which combined with the slowdown in services resulted in a weaker increase in private sector output, the survey said.
The Nikkei India Manufacturing PMI dipped from 50.3 in November to 49.1 in December.
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 BSE 30-share index after a positive opening stretched to 31,772.41, but could not stay there for long buffeted by the selling pressure. It hit a low of 31,562.25 before settling lower by 79.68 points, or 0.25 per cent, at 31,592.03.
Losses largely came from the metal index, followed by power, infrastructure, realty, PSU, oil and gas, capital goods, FMCG, healthcare, auto and banking.
The NSE Nifty gained 77.85 points, or 0.71 per cent, to finish at 11,008.30. Intra-day, it shuttled between 10,821.55 and 11,035.65.
The biggest losers in the Sensex pack were Vedanta, Tata Steel, M&M, Tata Motors, Maruti, Hero MotoCorp, PowerGrid, Bharti Airtel, SBI and Coal India -- falling up to 4.48 per cent.
It was the second straight week of gains for the benchmarks.
Market sentiment suffered a jolt after other Asian markets closed with widespread losses and European markets dropped in early trade
Investors went looking for bargain in banking, oil and gas and auto stocks.
The higher rate cut by RBI is positive for rate-sensitive sectors in the medium to long term.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
The index went below the crucial 50 mark.
Firms hired additional hands to keep up with the production demand
Out of 30 Sensex shares, 19 ended lower while 11 gained
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
Inflation in India probably edged up in October as food prices climbed while weak demand is expected to have hurt factory output growth.
BSE Bankex and Telecom indices led the fall.
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.
The Nikkei Markit India Manufacturing Purchasing Managers' Index increased to 50.7 in February
During March, the rate of inflation slowed to the weakest in four months and was below the long-run survey average
The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- fell to 49.6, down from 52.3 in November, coming below the crucial 50 threshold which separates contraction from expansion.
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.
Services growth at 5-month low in Nov as confidence slumps.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Input prices rose at their fastest rate in 14 months but manufacturers absorbed much of the increase
Supported by greater demand from both domestic and external markets, total new business rose at the fastest pace since March
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances