The new index-S&P BSE India Manufacturing Index--is launched at a time when manufacturing sector is expecting a big boost from the government's 'Make in India' initiative. The index is a measure for production and manufacturing activities in the country.
Positive ISM index and hopes of a better jobs data will keep the market positive for the week, said John Bollinger of Bollinger Capital Management. He told CNBC-TV18 that the market will be expected to continue its rally and end up higher.
The flash HSBC Purchasing Managers' Index fell to 48.3 in June from May's final reading of 49.2, drifting further away from the 50-point level demarcating expansion from contraction. It was the weakest level since September.