India's GDP needs to grow at 7.6 percent in the fourth quarter to achieve a 6.5 percent full-year growth estimate as cited in the second advance estimates. The economy grew at 6.5 percent in the first quarter, 5.6 percent in the second and 6.2 percent during the third quarter of the fiscal.
The PMI data for November, which track month-on-month changes, are very upbeat and in marked contrast to the Q2 GDP numbers
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) slipped from 57.5 in September to 55.5 in October, the slowest rate of expansion since February.
The PMI data highlighted a particularly marked slowdown in the consumer goods sector
The India Composite PMI for March was a strong 58.4, on top of a scorching 59 for February
The rate of decline has slowed, according to PMI data published on Wednesday by S&P Global
Private sector activity rose at the fastest pace in five months in April, adding to inflationary pressures
With growth still strong, RBI’s Monetary Policy Committee will find it difficult to ignore rising inflation
The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 56.8 in September to 58.9 in October and pointed to the strongest improvement in the health of the sector in over a decade.
The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) increased from 52.0 in August to 56.8 in September -- highest since January 2012.
Job shedding continued into August at a strong rate, extending the current sequence of decline to five months
Trends on SGX Nifty indicate a positive opening with a 39 points, or 0.32%, gain. The Nifty futures were trading around 12,330-level on the Singaporean Exchange.
PMI data for manufacturing and services sectors are scheduled to come this week which may also impact trading at the bourses.
Job growth strong, price rise muted; but the worry is that firms are reporting cash flow problems.
Profit booking by investors continue on the indices, even as Reliance‘s gains holds the market. Bharti Infratel gains after a brokerage upgrade on the stock.
"Next batch of June corporate results, progress of monsoon rains, sentiments in global markets will set the market trend this week. Investors will continue to watch developments on the Goods and Services Tax (GST) constitutional amendment bill in Parliament," said Vijay Singhania, Founder-Director, Trade Smart Online.
The Nikkei/Markit Services Purchasing Managers' Index fell sharply to 50.1 in November from October's eight-month high of 53.2. A reading above 50.0 indicates growth
Compiler Markit said the surveys pointed to quarterly economic growth of around 0.4 percent, in line with the forecast in a Reuters poll published in October. Markit's final October Composite Purchasing Managers' Index (PMI) came in at 53.9, weaker than an earlier estimate of 54.0.
Ben Bei, director, chief Hong Kong/China strategist at CIMB Securities, says there has been an improvement in the official PMI data, along with the announcement of some property stimulant measures, which bode well for China
Crude oil hits fresh 4-month low after U.S. jobless claims, PMI data
The surprise from China's purchasing manufacturer's index (PMI) may be a result of improving business sentiment on the back of Beijing's recent stimulus announcement.
Leif Eskesen, chief economist - India and ASEAN, HSBC explains on CNBC-TV18 that the PMI data for January was mixed and the government may find it difficult to achieve the target of 5.3-percent fiscal deficit set for FY13.
Karvy Stock Broking has come out with its report on currency. According to the research firm, rupee should continue to gain, so one can sell at higher levels for the day.
Brent slipped to USD 102 a barrel on Wednesday as worries about oil demand from the troubled euro zone offset any gains to prices sparked by concerns about oil supply from the Middle East.
In an interview with CNBC-TV18, Marco Valli, UniCredit said, “There is a clear contraction in manufacturing activity and most likely also negative gross domestic product (GDP) growth.â€