Benchmark indices gained in 11 of the past 12 trading sessions
Manufacturing employment increases at 'marked rate' as factories report rise in orders, says survey
PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month
The Adani Group stocks had been major outperformers so far this calendar year, hence the current selling can be attibuted to profit-taking at these counters
CLOSING BELL: Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent
India's factory growth dipped to a three-month low in September due to a moderation in demand and output, despite easing inflationary pressures and strong business confidence
S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July
Job creation is subdued though companies step up purchasing and report solid manufacturing activity
As India's business optimism slid to a 27-month low of 50.9, economists say they do not see a respite for manufacturers from cost inflation in the near term
CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent
Demand showed signs of resilience in May, improving further in spite of another uptick in selling prices
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction
The Manufacturing Purchasing Managers' Index declined to 54.0 in March from 54.9 in February.
Firms responded to strong increases in new work intakes by lifting production, input buying and stocks of purchases, the survey said
Business confidence was at a four-month high in December on robust demand, yet rising coronavirus infections kept it in check
Data showed that manufacturing PMI fell to 55.5 in December from 57.6 in November
The PMI survey results reinforce evidence of a continued recovery in Asia's third-largest economy from the coronavirus pandemic-induced slump.
An easing of Covid-19 restrictions drove demand and boosted sales, indicating the economy was on the path to normalization.
Cost pressures remained an issue as materials shortages and delivery delays caused input prices to surge the most in 13 years.
Input costs hot 92-month high, prompting some firms to raise selling prices