Page 4 - India Services Pmi
Services PMI registers strongest growth in 13.5 yrs, rises to 61.2 in Mar
In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction
 "Services PMI registers strongest growth in 13.5 yrs, rises to 61.2 in Mar")
India's services PMI jumps to highest in six months at 61.8 in January
According to the HSBC India Services PMI, new business placed with Indian service providers increased at the fastest rate in six months during January
India's services growth at three-month high in Dec on buoyant demand: PMI
The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, rose sharply in December to 59.0 from November's one-year low of 56.9
 "India's services growth at three-month high in Dec on buoyant demand: PMI")
India's services PMI falls to 56.9 in November, lowest in 2023 so far
S&P Global said that the slowdown in services PMI was mainly owing to a slowdown in new orders as well as output across sectors
India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation
In October, there were faster increases in input costs and output charges, with rates of inflation outpacing their respective long-run averages
 "India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation")
Services sector in Sept sees strongest output in 13 years; PMI rises to 61
The latest data showed a substantial increase in new business placed with Indian service providers, one that was the second-fastest since June 2010
 "Services sector in Sept sees strongest output in 13 years; PMI rises to 61")
India's September services PMI hits 61 on positive demand environment
September's expansion in output was associated with effective marketing, favourable demand conditions and strong influxes of new business
August PMI services comes at 60.3 on strong order book; output elevated
Services firms indicated the sharpest upturn in new export business since S&P Global services PMI started in September 2014
 "August PMI services comes at 60.3 on strong order book; output elevated")
July Services PMI rises most since June 2010 on robust global demand
According to S&P, finance & insurance sector was the "brightest spot" regarding business activity and new orders, topping the growth rankings in both instances
 "July Services PMI rises most since June 2010 on robust global demand")
Services PMI growth declines to three-month low of 58.5 as inflation weighs
The headline figure has been expanding for 23 months on the trot since August 2021
India's services PMI falls to 58.5 in June, lowest in three months
Combined with manufacturing, output prices across the private sector increased at the sharpest pace in over a decade
Services PMI declines to 61.2 in May amid rising inflationary pressures
The companies the survey monitors reported that external demand for Indian services continued to improve in May, highlighted by a fourth successive rise in new export business
India's services PMI activity in Feb grows at its fastest pace in 12 years
The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above all forecasts
Dec services PMI at a 6-month high, thanks to stronger inflow of new biz
The headline figure has now been in the expansion zone for seventeen consecutive months since August 2021
 "Dec services PMI at a 6-month high, thanks to stronger inflow of new biz")
Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion
The headline figure has been in the expansion zone for the sixteenth consecutive month since August 2021
 "Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion")
Sensex, Nifty end flat after volatile day; Metal index up 2%, RIL down 1.5%
CLOSING BELL: RIL (down 1.45 per cent), Tech M, Dr Reddy's Labs, Bharti Airtel, Axis Bank, and TCS were the top laggards
 "Sensex, Nifty end flat after volatile day; Metal index up 2%, RIL down 1.5%")
Services PMI recovers to 55.1 in Oct after hitting six-month low in Sept
Services PMI released by credit rating agency S&P Global improved to 55.1 in October from 54.3 in September
Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip
CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers
 "Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip")
Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand
Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation
Dalal Street defies global mood; Sensex soars 443 pts, Nifty top 17,650
CLOSING BELL: ITC, Sun Pharma, RIL, Tata Steel, NTPC, HCL Tech, L&T, and ICICI bank were the top Sensex gainers, while Hindalco, JSW Steel, Grasim, and Cipla were additional top gainers on the Nifty50
 "Dalal Street defies global mood; Sensex soars 443 pts, Nifty top 17,650")