Factory growth picked up in May.
Investment trend by foreign investors will also be closely watched for stock movement
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.
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
The RBI left interest rates unchanged, saying there was no substantial development on inflation or fiscal fronts to warrant a fresh reduction.
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The HSBC Emerging Markets Index, a monthly indicator derived from the PMI surveys, continued its upward trajectory in November on the back of faster manufacturing growth.
The survey showed firms passed on a greater cost burden to consumers. Prices charged rose at their fastest pace since October.
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The rupee was last at 62.05/06 after gaining to as high 61.9650 against the dollar, its highest since Nov 19. It had closed at 62.44/45 on Friday.
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.
Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
The index went below the crucial 50 mark.
Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
However, IT stocks fell on weak growth forecast by Gartner
Investors watch out for cues from the on-going winter session of the Parliament.
That prompted manufacturers to add jobs for the first time since June.
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.
The Sensex ended down 134 points at 28,559 and the Nifty ended 35 points lower at 8,554
Manufacturing growth in India lost momentum in February.
One of India's main export destinations, the euro zone, is struggling to revive its economy and battling disinflation.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
In the offshore non-deliverable forwards, the one-month contract was at 62.26/36, while the three-month was at 62.83/93.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
Markets closed the day in green on favourable domestic factors,
Investor sentiment got a boost following remarks from the Russian President Putin that allayed fears of an imminent military conflict in Ukraine
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
Investors were focussed on the RBI's monetary policy review on Tuesday which will give an insight into its inflation and rates outlook.
Production at factories, mines and utilities likely rose an annual 2.4 per cent in August, up from July's 0.5 per cent rise, according to the survey of 26 economists.
L&T, ONGC and banking scrips power gains in today's trade
Custodian banks are selling dollars for their foreign fund clients.
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.
Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
Sensex closed 63.82 points higher at 26,851.05 in Muhurat trading; Nifty rises 18.65 points to end at 8,014.55.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
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 Sensex ended down 538 points at 26,781 and 50-share Nifty ended down 152 points at 8,067.
The 30-share Sensex ended down 414 points at 25,481 and the 50-share Nifty slipped 119 points at 7,603.
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 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
