In the previous session, the Sensex fell 0.54 per cent to close at 77,156.80, while the Nifty declined 0.72 per cent to settle at 23,349.90
Index has been above the 50-level separating growth from contraction for 39 consecutive months
India August service PMI: The PMI climbed to 60.9 in August, fuelled by by increase in new domestic orders
While there was a slowdown in growth, business activity has remained above the neutral mark of 50.0
The world's second-biggest economy grew much more slowly than expected in the second quarter
Caixin/S&P Global manufacturing PMI fell to 49.8 in July from 51.8 the previous month, the lowest reading since October
Business confidence levels eased to the lowest level since March 2020 with concerns about the global economy and rising competition
HSBC India Services PMI says firms optimistic and hiring up as input costs rise
Last month the Bank of England estimated the economy grew just 0.1% in the first quarter and would do only slightly better in the second
The reading has been consistently above the 50-mark separating expansion from contraction since August 2021
The survey polled around 400 companies in transport, information, communication, finance, insurance, real estate, non-retail consumer and business services
Despite having slipped, the headline index was comfortably above the neutral mark of 50.0 and signalled a sharp rate of expansion that was well above the series history
January figure marks 30 months of the index remaining above the 50-mark since July 2021. A reading above 50 in the survey indicates expansion of the sector and a figure below that suggests contraction
Closing Bell on Friday, December 1, 2023: The Nifty 50 index scaled a new peak of 20,291.55 in the intraday trade
The latest data showed a substantial increase in new business placed with Indian service providers, one that was the second-fastest since June 2010
According to S&P, finance & insurance sector was the "brightest spot" regarding business activity and new orders, topping the growth rankings in both instances
The headline figure has been expanding for 23 months on the trot since August 2021
No change in employment seen neither in services nor in manufacturing, says PMI survey
New orders placed with services companies increased in January, marking the eighteenth month of expansion
The headline figure has now been in the expansion zone for seventeen consecutive months since August 2021