In absence of major domestic events next week starting from Monday, the investors in the Indian stock markets will watch trends of foreign sellings, developments around the US tariffs, geopolitical risks, and upcoming Purchasing Managers' Index (PMI) releases.
The seasonally adjusted HSBC Flash India Composite Output Index rose to 60.6, up from 57.7 in January, marking its strongest pace of growth since August 2024 and remaining well above its long-term average.
Despite the slowdown, the HSBC Services PMI data suggests that India's services sector remains resilient, with solid job creation, strong export growth, and steady business confidence. However, inflationary pressures and rising competition could act as headwinds in the coming months.
The latest HSBC PMI data, compiled by S&P Global, showed that a stronger expansion in the manufacturing industry in India was more than offset by a loss of growth momentum in the service economy.
Services sector growth in India, in terms of new business, international sales and output, rose at the slowest rates since November 2023, HSBC India Services PMI showed on Friday.
India's private sector demonstrated strong output across India for the 37th consecutive month in August, highlighted the latest HSBC Flash India PMI (Purchasing Managers' Index) report.
The services sector in India experienced a further upturn in terms of business activity during July, according to HSBC India Services PMI data released on Monday.
Indian stock indices marked the third straight session of gains on Wednesday, largely due to buoyancy in the manufacturing and services sector as reflected in the PMI data.
Talking about the coming week, Ajit Mishra, Vice-President Research, Religare Broking, said, "The coming week marks the beginning of the new month also so participants will be eyeing high-frequency data viz. auto sales, manufacturing PMI and services PMI data. Before that, the GDP data, sche
New Delhi [India], March 1 (ANI): February Purchasing Managers' Index (PMI) data showed further improvement in the health of Indian manufacturing sector as firms responded to increases in new work intakes by lifting production, input buying and stocks of purchases.
New Delhi [India], Sep 1 (ANI): Indian manufacturers signalled a rebound in production volumes and new work in August, according to the latest PMI data released on Tuesday.