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Domestic institutional investors pour record over Rs 1 lakh cr in equities in Oct In a new monthly record, domestic institutional investors (DIIs) infused more than Rs 1 lakh crore in Indian equities in October amid heavy selling by foreign institutional investors (FIIs), thus keeping the stock market healthy compared to its global peers.  This sustained DII activity came as the cumulative foreign portfolio investor (FPI) selling in equity through the Indian stock exchanges stood at Rs 102,931 crore (till October 24). So far, the DII investments have been around...
Domestic institutional investors pour record over Rs 1 lakh cr in equities in Oct
Domestic institutional investors pour record over Rs 1 lakh cr in equities in Oct
Source: IANS
2024-10-31 12:58:20 pm
Asia shares see pockets of gains, China PMI tops forecasts Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty. The dollar was hanging on to gains made on Friday after upbeat spending figures led markets to tri...
Asia shares see pockets of gains, China PMI tops forecasts
Asia shares see pockets of gains, China PMI tops forecasts
Source: Reuters
2024-09-02 08:43:03 am
Indian economy is on upswing: Finance Ministry The Indian economy experienced a notable upswing across various economic indicators in July 2024, signalling strong and resilient business activities with both the manufacturing and services sectors posting a robust performance, according to the Finance Ministry's monthly review released on Thursday.  "The month saw impressive milestones being reached, substantial growth in GST collections, and a significant rise in e-way bill generation, which points to an overall increase i...
Indian economy is on upswing: Finance Ministry
Indian economy is on upswing: Finance Ministry
Source: IANS
2024-08-22 05:56:28 pm
Domestic economic activity continues to be resilient: RBI Governor The Reserve Bank of India (RBI) Governor Shaktikanta Das has said that domestic economic activity continues to be resilient. On the supply side, steady progress in south-west monsoon, higher cumulative kharif sowing, and improving reservoir levels augur well for the kharif output. The likelihood of La Nina conditions developing during the second half of the monsoon season is likely to have a bearing on agricultural production in 2024-25. RBI Governor further noted that manufacturing activi...
Domestic economic activity continues to be resilient: RBI Governor
Domestic economic activity continues to be resilient: RBI Governor
Source: Accord Fintech
2024-08-08 11:55:42 am
India`s services sector growth eases to 60.3 in July India’s services sector growth eased during the month of July as higher wage and material costs continued to push up business expenses, with the overall rate of inflation quickening from June, however it remained above the neutral mark of 50.0 for the thirty-sixth straight month. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index eased to 60.3 in July from 60.5 in June. Further, the HSBC India Composite PMI Output Index -- which measu...
India`s services sector growth eases to 60.3 in July
India`s services sector growth eases to 60.3 in July
Source: Accord Fintech
2024-08-05 02:37:43 pm
India's services growth slows a touch but still solid, PMI shows Activity in India's dominant services sector remained upbeat in July on robust demand, leading to strong job creation, despite elevated cost pressures pushing up selling-price inflation to a seven-year high, a survey showed. The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell marginally to 60.3 in July from 60.5 in June and was considerably below a preliminary estimate of 61.1. However, the overall pace of expansion was sharp and the index ...
India's services growth slows a touch but still solid, PMI shows
India's services growth slows a touch but still solid, PMI shows
Source: Reuters
2024-08-05 02:05:55 pm
Economic Survey: Non-farm sectors to play important role in job generation  The Economic Survey 2023-24 has brought out the importance of non-farm sectors in the growth trajectory of the Indian economy.   The farm sector always remains high on the political agenda for obvious reasons and hence the non-farm sector often has to take a back seat. However, the Economic Survey 2023-24 notes that the Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce. The Surve...
Economic Survey: Non-farm sectors to play important role in job generation
Economic Survey: Non-farm sectors to play important role in job generation
Source: IANS
2024-07-23 09:05:54 am
India`s services sector activity improves to 60.5 in June India’s services sector activity improved during the month of June amid a stronger rise in new orders and an unprecedented expansion in international sales. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index rose to 60.5 in June from 60.2 in May. Further, the HSBC India Composite PMI Output Index -- which measures both manufacturing and services -- also surged to 60.9 in June as against 60.5 in May. The survey report noted that new...
India`s services sector activity improves to 60.5 in June
India`s services sector activity improves to 60.5 in June
Source: Accord Fintech
2024-07-03 11:53:45 am
Market Outlook: New Government, IIP, PMI data and Fed meet key triggers for next week Last Week, Indian equity markets witnessed high volatility sessions due to an unexpected outcome in the 2024 Lok Sabha elections.  National Stock Exchange (NSE) benchmark Nifty was within the range of 21,300-23,300 points, the widest after May 2020. A new government is being formed on Sunday and it is believed that stability can be seen in the market for next week. The outlook for the market will be guided by the major domestic and global economic data. Retail inflation (CPI ...
Market Outlook: New Government, IIP, PMI data and Fed meet key triggers for next week
Market Outlook: New Government, IIP, PMI data and Fed meet key triggers for next week
Source: IANS
2024-06-09 04:31:16 pm
Malaysia`s manufacturing PMI improves in May Malaysia's manufacturing sector conditions improved midway through the second quarter of 2024, with the seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers' Index (PMI) rising to 50.2 in May from 49 in April. S&P Global Market Intelligence said in a statement on Tuesday the latest data signalled a renewed improvement in manufacturing sector conditions following 20 months of moderation, Xinhua news agency reported. The latest PMI reading also sug...
Malaysia`s manufacturing PMI improves in May
Malaysia`s manufacturing PMI improves in May
Source: IANS
2024-06-04 03:07:34 pm
India`s April services growth strong on near-record exports, PMI shows Growth in India's dominant services industry softened in April but remained sturdy on robust domestic and foreign demand, lifting business confidence to a three-month high, a survey showed on Monday. The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 60.8 in April from 61.2 in March, confounding a preliminary estimate for a rise to 61.7. Despite the decline in the headline reading, the figure still marked one of the fastest growth rates...
India`s April services growth strong on near-record exports, PMI shows
India`s April services growth strong on near-record exports, PMI shows
Source: Reuters
2024-05-06 10:44:51 am
India's April business growth at near 14-year high, Purchasing Managers' Index show India's business activity expanded at its fastest pace in nearly 14 years this month thanks to robust demand, according to a survey released on Tuesday that also showed easing input inflation and positive jobs growth. That suggests India is well placed to remain the fastest growing major economy this year after posting strong expansion over the past few quarters. HSBC's flash India Composite purchasing managers' Index, compiled by S&P Global, rose to 62.2 this month from...
India's April business growth at near 14-year high, Purchasing Managers' Index show
India's April business growth at near 14-year high, Purchasing Managers' Index show
Source: Reuters
2024-04-23 10:49:28 am
India`s March business activity ends fiscal year on strong note -PMI  India's business activity ended this fiscal year on a high note, expanding at the fastest rate in eight months in March, according to a business survey, suggesting the country would remain the fastest growing major economy. HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.3 this month from February's final reading of 60.6. That extended the streak of expanding activity to 32 months. The 50-mark separates expansio...
India`s March business activity ends fiscal year on strong note -PMI
India`s March business activity ends fiscal year on strong note -PMI
Source: Reuters
2024-03-21 11:28:02 am
Nifty closes flat ahead of RBI policy meeting Nifty opened positive on Wednesday but soon lost some sheen to close flat at 21,931 levels. Barring IT, all other sectors ended in green, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services. Buying was seen in the PSU Bank and Realty sectors. The Realty sector was in momentum amid healthy Q3 numbers from the real-estate companies, while IT saw some profit booking after an up-move in the last few sessions, he said. Overall, the market remained on the side-...
Nifty closes flat ahead of RBI policy meeting
Nifty closes flat ahead of RBI policy meeting
Source: IANS
2024-02-07 04:49:33 pm
India`s services sector PMI surges to 6-month high Growth in India’s services sector rose to a 6-month high in January on the back of a higher demand and better outlook ahead, according to an HSBC report released on Monday. The HSBC India Services PMI was recorded at 61.8 in January, up from 59 in December. It is the highest since July 2023 when the PMI was 62.3. This is the 30th consecutive month of expansion in the services sector. "India's services PMI rose to a six-month high in January. New business expanded at a fas...
India`s services sector PMI surges to 6-month high
India`s services sector PMI surges to 6-month high
Source: IANS
2024-02-05 11:42:23 am
India business growth at four-month high in January - PMI  India's business activity expanded at the fastest pace in four months in January on stronger demand, according to a private survey that also showed input costs rising at the quickest rate since August. The findings indicate Asia's third-largest economy would continue to hold onto its title as the fastest growing major economy in the near-term at least. India will grow 6.9% in the current fiscal year, a Reuters poll showed on Wednesday. HSBC's flash India Composite Purc...
India business growth at four-month high in January - PMI
India business growth at four-month high in January - PMI
Source: Reuters
2024-01-24 10:53:39 am
India likely to overtake Japan to become world`s third-largest economy by 2030: S&P Global S&P Global Market Intelligence in its latest issue of PMI has said that India, the world?s fifth largest economy in the world, is likely to overtake Japan to become the world?s third-largest economy with a GDP of $7.3 trillion by 2030. It said after two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year. India?s gross domestic product (GDP) is expected to grow 6.2-6.3 per cent in the fiscal year endin...
India likely to overtake Japan to become world`s third-largest economy by 2030: S&P Global
India likely to overtake Japan to become world`s third-largest economy by 2030: S&P Global
Source: Accord Fintech
2023-10-25 10:41:25 am
India`s services sector growth surges to 13-yr high in September: S&P survey India?s services sector grew at a robust pace in September, as a positive demand environment boosted intakes of new business and output volumes, according to the S&P Global survey released on Thursday.The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61.0 in September, signalling a sharp upturn in output that was one of the strongest in over 13 years.With workloads rising and capacities experiencing mild pressure, job numbers con...
India`s services sector growth surges to 13-yr high in September: S&P survey
India`s services sector growth surges to 13-yr high in September: S&P survey
Source: IANS
2023-10-05 04:19:28 pm
India`s services sector growth strengthens to 61.0 in September India?s services sector growth strengthened in the month of September, as a positive demand environment boosted intakes of new business and output volumes. As per the survey report, the seasonally adjusted S&P Global India Services PMI Business Activity Index rose at 61.0 in September from 60.1 in August. Further, the S&P Global India Composite PMI Output Index -- which measures both manufacturing and services -- surged to 61.0 in September as against 60.9 in August.The latest data sh...
India`s services sector growth strengthens to 61.0 in September
India`s services sector growth strengthens to 61.0 in September
Source: Accord Fintech
2023-10-05 02:09:14 pm
India`s factory growth eased in September but remained strong -PMI India's factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, a private survey showed.The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August, missing the Reuters poll forecast for 58.1.That marked the 27th straight month of the index being above the 50-mark separating expa...
India`s factory growth eased in September but remained strong -PMI
India`s factory growth eased in September but remained strong -PMI
Source: Reuters
2023-10-03 11:49:28 am