The HSBC/Markit purchasing managers index for the services industry inched up to 47.1 in October from 44.6 in September, the fourth successive monthly contraction of service sector output across India.
India's manufacturing sector activity contracted for the third straight month in October amid falling levels of production and new orders, as the business climate within the country remained tough, an HSBC survey said on Friday.
India's manufacturing sector activity contracted for the second consecutive month in September as both output and new orders witnessed a decline, an HSBC survey said.
Markets will remain closed on Thursday, 12 November 2015 on account of Diwali Balipratipada.
Standard Chartered on Friday lowered India's growth forecast for the current financial year to 4.7 per cent from earlier 5.5 per cent, citing "upside risks" to inflation and fiscal deficit.
A Reuters poll had forecast retail inflation would slow to 8.35 percent from an annual 8.79 percent in January.
China's domestic debt is a major concern.
The world economy's growth engine is slowing, but not collapsing.
The HSBC Markit Services Purchasing Managers' Index fell to 51.7 in June from May's three-month high of 53.6, in a sign that Asia's third-largest economy is still struggling to climb out of a quagmire of low growth and high inflation.
India's manufacturing sector activity remained broadly flat in June as new orders declined for the first time in over four years and power cuts and fragile economic conditions weighed on the sector's performance, an HSBC survey said.
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 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
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.
Out of 30 Sensex shares, 19 ended lower while 11 gained
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797.
The HSBC/Markit Purchasing Managers Index for the services industry inched up to 47.2 in November from 47.1 in October, the fifth sub-50.0 reading and indicated an output contraction across the Indian service economy.
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.
India's private sector activity contracted further in August, reflecting faster contractions of both manufacturing and services output, amid decline in new orders and tough economic conditions.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
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Snapping a two-day fall, the rupee opened strong at 59.49 a dollar from the previous close of 59.76 at the Interbank Foreign Exchange Market and then touched a low of 59.59.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
Devyani Khobragade, deputy consul general at the Indian Consulate in New York, who was arrested two weeks ago on changes of allegedly submitting fraudulent documents in support of her maid and babysitter to the US State Department, will have to appear in court on January 13.
L&T, ONGC and banking scrips power gains in today's trade
The global rating agency expects the economy to pick up in the next two financial years.
Markets will continue to remain volatile till the Chinese economy shows some signs of stability
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
ONGC was the top performer while private banking major ICICI Bank extended gains
It was a "bloody Monday" for Chinese stock markets as shares once again nosedived in the sharpest decline since 2007.
The Sensex ended down 134 points at 28,559 and the Nifty ended 35 points lower at 8,554
The fact that the US recovery needs an elaborate defence suggests that things are far from certain.
Bank of America Merrill Lynch believes this would ease pressures on CAD as $10 a bbl fall in oil price reduces CAD by $8 billion or 0.4 per cent of GDP.
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 Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
GDP growth in November is the second-highest since January 2012 when it had expanded 5.7%.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
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