Services growth at 5-month low in Nov as confidence slumps.
A reading below 50 means contraction in the sector.
This is the ninth consecutive month that the manufacturing PMI remained above the 50-point-mark.
'We expect the Reserve Bank of India to deliver a 25 bps rate cut in April to support growth.'
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.
Top losers are Sun Pharma, Bajaj Auto, L&T, ITC, Hero Moto.
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
Market sentiment suffered a jolt after other Asian markets closed with widespread losses and European markets dropped in early trade
The market breadth in BSE remains positive with 1,554 shares advancing and 1,196 shares declining.
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.
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
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
BSE Bankex and Telecom indices led the fall.
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
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.
Financials emerged as the top gainers while auto shares rallied on robust September sales
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.
Coal India topped the losers' list in the Sensex pack on Tuesday, falling 2.36 per cent, followed by Bharti Airtel at 2.16 per cent.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
Financials were the top losers while oil shares also declined amid weak crude oil prices.
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.
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.
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.
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
ONGC was the top performer while private banking major ICICI Bank extended gains
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
Market breadth on the BSE ended firm as 1,908 shares advanced and 1,156 shares declined
The 30-share Sensex closed down 115 points at 28,444 and the 50-share Nifty ended down 31 points at 8,524.
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