Nifty has been gaining strength and is inching closer towards its life high of 19,992, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services
New Delhi: India’s manufacturing sector output accelerated to the strongest growth rate in three months during July. Accordingly, the headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose to 55.3 (index reading) in July as against a reading of 48.1 in June. The PMI ranges between 0 and 100, with a reading […]
Manufacturers indicated that the ongoing relaxation of COVID-19 restrictions, better market conditions and improved demand helped them to secure new work in October
On the prices front, input prices rose in September, with monitored companies citing higher fuel, meat and vegetable costs. The overall rate of inflation was at a seven-month high.