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Economic Data: India s High-Frequency Indicators Plateau After A Spurt

Mar 03 2021, 8:22 AM March 03 2021, 8:13 AM March 03 2021, 8:22 AM After a quick rebound in economic activity starting October, several high-frequency indicators have plateaued in the last four-to-six weeks. The flattening of economic momentum comes alongside rise in new cases in some states, most notably Maharashtra and Kerala.Economic momentum seems to be getting weaker though leading indicators point to a continued recovery, Saugata Bhattacharya, chief economist at Axis Bank, said in a March 1 re. After a quick rebound in economic activity starting October, several high-frequency indicators have plateaued in the last four-to-six weeks. The flattening of economic momentum comes alongside rise in new cases in some states, most notably Maharashtra and Kerala.

Nifty today: SGX Nifty up 101 points; here s what changed for market while you were sleeping

Here s the breaking down of the pre-market actions: State of the markets SGX Nifty signals gap-up start: Nifty futures on the Singapore Exchange traded 101.5 points, or 0.69 per cent, higher at 14,894.50 in signs that Dalal Street was headed for a positive start on Tuesday. Tech View: No follow-through selling a respite Nifty50 on Monday topped the 14,750 level and formed an Inside Bar on the daily chart. The price action for the day was noteworthy. First, there was no follow-through to the long bearish candle on Friday. Second, the 50-pack index took support from a rising 50-day moving average and at 50 per cent retracement of 13,596-15,431 rally. Besides, the index broke below minor swing low of 14,613, before seeing recovery, said independent analyst Manish Shah.

PMI: Manufacturing activity eases marginally in February, PMI at 57 5

PMI: Manufacturing activity eases marginally in February, PMI at 57 5
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