What is manufacturing PMI?

The survey noted that the February data pointed to a consecutive twenty-month rise in manufacturing production

The manufacturing sector shrank 1.1% in the quarter year-on-year, the second straight contraction reflecting a weakness in exports

Companies increase input inventories by purchasing additional materials, but hiring remains unchanged broadly

The IIP manufacturing for November expanded to its highest in five months after a subdued performance in October 2022

Monday's data cemented the view Asia's third-largest economy is better placed than many other emerging economies to weather the impact of a potential global recession

The survey compiled by the rating agency - S&P Global, and released reflected an improvement in employment and purchases by factories

Benchmark indices gained in 11 of the past 12 trading sessions

Manufacturing employment increases at 'marked rate' as factories report rise in orders, says survey

PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month

The Adani Group stocks had been major outperformers so far this calendar year, hence the current selling can be attibuted to profit-taking at these counters

India's factory growth dipped to a three-month low in September due to a moderation in demand and output, despite easing inflationary pressures and strong business confidence

CLOSING BELL: Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent

S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July

Job creation is subdued though companies step up purchasing and report solid manufacturing activity

As India's business optimism slid to a 27-month low of 50.9, economists say they do not see a respite for manufacturers from cost inflation in the near term

Demand showed signs of resilience in May, improving further in spite of another uptick in selling prices

CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent

In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction

The Manufacturing Purchasing Managers' Index declined to 54.0 in March from 54.9 in February.

Firms responded to strong increases in new work intakes by lifting production, input buying and stocks of purchases, the survey said