Eicher Motors surges over 5% on Royal Enfield's strong December sales; TCS gains 4% in three days, hits 13-week high; textile shares rally on improved outlook
PMI rose to 57.6 in November from 55.9 in the previous month, the highest figure since January this year
IndusInd Bank rebounds after an 8-day fall, gains 5% on BSE; Tega Industries' IPO gets 4 times subscription on first day
Jumps to 3-month high after June contraction; marginal rise in jobs
The Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.3 last month from 48.1 in June, well above 50-level separating growth from contraction.
The official manufacturing purchasing managers' index slowed slightly to 51 in May
Although growth more or less remained at an elevated level, employment declined further amid Covid-19 restrictions
The headline figure for manufacturing PMI remains above the long-run average of 53.6
The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year
The health of Indian manufacturing sector continued to strengthen in December with manufacturers stepping up production and input buying amid efforts to rebuild their inventories, IHS Markit said
The Nikkei Manufacturing Purchasing Managers' Index rose to 58.9 in October from September's 56.8
The ministry said that earnest efforts made by the government in last few months during coronavirus period have now started showing the green shoots
Upturn in total sales was supported by a renewed expansion in new export orders, says index
From SC ordering full refund of air tickets booked amid lockdown to Maruti Suzuki reporting 31% sales growth in Sept, Business Standard brings ypu top news of the evening
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August
A further decline in new orders and output signaled weakness in overall demand despite factories again cutting their prices, leading firms to reduce their workforces for a fourth month in a row
At the start of the week, the market will also take cues from July auto sales numbers which signal a recovery in the sector hit hard by Covid-19
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While the Nikkei Manufacturing Purchasing Managers' Index increased to 47.2 last month from 30.8 in May it was still below the 50-mark separating growth from contraction
Agriculture was expected to be the only silver lining in the economy in the current financial year