Manufacturing and services macro data for US and Europe area will be announced. IPO subscriptions for Tata Technologies Ltd, IREDA and Fedbank Financial Services Ltd among others will be listed this week
Economists say most indicators remain elevated but there are signs of growth slowing. "India s manufacturing sector generated substantial growth in October, despite a challenging global economic environment," said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.
Manufacturing activity in the U.S. unexpectedly contracted at a faster rate in the month of October, according to a report released by the Institute for Supply Management on Wednesday.
India s manufacturing activity slowed to the slowest in five months in September, with new orders growing at a slower pace, according to a private survey. The Purchasing Manager s Index (PMI) dropped to 57.5 in September, down from 58.6 in August, but remained in positive territory for the 27th consecutive month. Despite the slowdown, India s factory output grew at the highest rate among emerging markets in Asia. Employment rose due to increased production and new orders, while input costs eased. However, higher oil prices may increase input costs in the future. | Latest News India