07-01-2021 12:02 PM | Source: Angel Broking Ltd
Quote on India Manufacturing PMI for June`21 by Mr. Jyoti Roy, Angel Broking Ltd
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/af3ef73b114b4ec6cd24877a6122acee.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Quote on India Manufacturing PMI for June'21 by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd
India's manufacturing PMI registered a reading of 48.1 in June as compared to 50.8 in May. This is the first reading of below 50 since July 2020 and signifies sequential contraction in the manufacturing sector due to the strict containment measures enforced to contain the second Covid wave. However the pace of contraction was much more moderate that what was witnessed during the first wave. While the impact on manufacturing was relatively mild the impact on services is expected to be higher. However gradual easing of restrictions through June has led to significant improvement in economic activities by the end of the month which should be reflected in next month’s PMI numbers. We believe that markets will largely ignore the adverse impact of the pandemic in Q1 and will take cues from the trajectory of new Covid cases in India.
Above views are of the author and not of the website kindly read disclaimer
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/Clean Science and Technology.jpg)
Buy Clean Science and Technology Ltd For Target Rs.1...
![](https://portfolio.investmentguruindia.com/uploads/news/Somany logo.jpg)
Buy Somany Ceramics Ltd For Target Rs.950 By JM Fin...
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Buy Gold Above 72200 SL BELOW 71900 TGT 72550/72800 ...
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
Indian startups raised nearly $7 billion in first ha...
![](https://portfolio.investmentguruindia.com/uploads/news/Srinivas Narayanan.jpg)
Committed to learning from India how to make AI more...
![](https://portfolio.investmentguruindia.com/uploads/news/Mongolia.jpg)
World Bank classifies Mongolia as upper middle incom...
![](https://portfolio.investmentguruindia.com/uploads/news/nitingadkari37.jpg)
Government`s focus on non-polluting energy sources t...
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v68_wcHr0zT.jpg)
Madhya Pradesh Finance Minister Jagdish Devda to pre...
![](https://portfolio.investmentguruindia.com/uploads/news/IT Sector03.jpg)
Accounting firm RSM's US arm plans to more than doub...
![](https://portfolio.investmentguruindia.com/uploads/news/Bharti Airtel Ltd.jpg)
Buy Bharti Airtel Ltd For Target Rs. 1,480 By JM Fin...
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/06/fc4f4e055fbeb1c90e1947acbc9ed535.jpg)
On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
![Nifty started the day marginally positive and traded in a range for the first couple of hours - Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/76f068e997559da07c573304813e5eb1.jpg)
Nifty started the day marginally positive and traded in a range for the first couple of hours - Angel One
![Quote on Real-estate sector update By Mr. Yash Gupta, Angel One Ltd](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/4b5a0a599bcbe376a888db007b60cf05.jpg)
Quote on Real-estate sector update By Mr. Yash Gupta, Angel One Ltd
![Our markets had a remarkable comeback in last four sessions as we not only managed to recover from lows but also went on to clock fresh highs - Angel One](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/1ed485bceaf71b7ee647be1831341885.jpg)
Our markets had a remarkable comeback in last four sessions as we not only managed to recover from lows but also went on to clock fresh highs - Angel One
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Anuj Puri.jpg)
Quote On Unchanged Repo Rate Supports Affordability, Confidence in Housing Market by Anuj Pu...
![Perspective on Zee announcing final deal contours with Sony By Mr. Siddhartha Khemka, Motilal Oswal](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/12/7b1772eb3b4f2d6160f4f114bba595ba.jpg)
Perspective on Zee announcing final deal contours with Sony By Mr. Siddhartha Khemka, Motilal Oswal
![RBI Policy hiked repo rate by 25 bp in line with consensus taking repo rate to 6.5% Says Anita Rangan, Economist, Equirus](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/dcedf78b94b93e6d14accf6c87714a93.jpg)
RBI Policy hiked repo rate by 25 bp in line with consensus taking repo rate to 6.5% Says Anita Rangan, Economist, Equirus
![Perspective on IRDAI (Surety Insurance Contracts) Guidelines, 2021 by Mr. Vikash Khandelwal, Eqaro Guarantees](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/09/e41ddf9583cb9f87113e51e916e02751.jpg)
Perspective on IRDAI (Surety Insurance Contracts) Guidelines, 2021 by Mr. Vikash Khandelwal, Eqaro Guarantees