During March, the rate of inflation slowed to the weakest in four months and was below the long-run survey average
ICICI Bank was the top laggard in the Sensex pack, sinking over 10 per cent, followed by Bajaj Finance, HDFC, IndusInd Bank, Axis Bank and Maruti. Bharti Airtel and Sun Pharma were the gainers in the BSE index. NSE Nifty suffered a heavy loss of 566.40 points, or 5.74 per cent, to settle at 9,293.50.
A reading above 50 indicates expansion while a one below this level means contraction.
Investment trend by foreign investors will also be closely watched for stock movement
The improvement in business conditions promoted job creation, while confidence towards the year-ahead outlook for activity was at a four-month high during March.
Economic recovery in US, euro zone help; new orders sub-index at 52.4
'Dr Khobragade is now a Counsellor without any specific work responsibility at the PMI. There is not going to be any work for her at the mission at least for now. This is an interim measure to help her so she can get diplomatic immunity and get over this situation.'
The 30-share Sensex was up 137 points at 19,517 and the 50-share Nifty was up 45 points at 5,780.
Service providers' confidence with regard to the 12-month outlook for business activity remained positive.
The 30-share Sensex ended up 106 points at 20,898 and the 50-share Nifty ended up 42 points at 6,217.
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Both indices are down nearly 9 per cent from their all-time highs in mid-January. A sharp reversal seems difficult this time as the peak impact of the virus is yet to play out.
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.
Financials emerged as the top gainers while auto shares rallied on robust September sales
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
The 30-share Sensex ended down 64 points at 20,787 and the 50-share Nifty ended down 20 points at 6,192.
The 30-share Sensex ended down 64 points at 20,787 and the 50-share Nifty ended down 20 points at 6,192.
Of the BRIC (Brazil, Russia, India and China) economies, China, Russia and Brazil posted sharper increases in activity, but India registered a fourth successive decline in output.
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.
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
Meanwhile, outlook for global emerging markets remained relatively weak in September.
The 30- Share BSE Sensex ended 19924 up 22 points or 0.11 per cent, while the broader 50-share NSE Nifty closed down by 2 points or 0.01 pct at 5907.
A reading below 50 means contraction in the sector.
Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
It was the second straight week of gains for the benchmarks.
The latest PMI showed inflation pressures ebbed further last month with both costs of raw material and prices charged rising at a slower pace than March.
The wider NSE Nifty too fell by 20.15 points or 0.19 per cent to end at 10,749.75.
Input prices rose at their fastest rate in 14 months but manufacturers absorbed much of the increase
Recent reform measures announced by the government expected to boost the sector.
India's manufacturing sector growth improved in November, registering the fastest pace in five months, driven by a strong pick up in new orders and improved purchasing activity, an HSBC survey said on Monday.
August witnessed the fastest pace of growth in new business orders since February.
The index, however has remained above the 50 mark - below which it indicates contraction - for more than three years now.
Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
India's manufacturing sector witnessed a slowdown in July - the weakest growth rate since November - because of moderation in domestic and export orders amid sagging global economy, an HSBC survey said.
A reading above 50 means the sector is expanding, while a reading below 50 means contraction.
Private sector output in India expanded for the first time in 8 months in February as slump in the services sector moderated and manufacturing grew at a stronger pace, an HSBC survey said.
The pace of activity in China's vast manufacturing sector quickened for the first time in 13 months in November, a survey of private factory managers found, adding to evidence that the economy is reviving after seven quarters of slowing growth.
The NSE Nifty, however, ended a shade higher by 6.65 points or 0.06 per cent at 10,442.20
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