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From the last time when markets were in green which was February 16, Sensex has erased 1,855.58 points and Nifty 50 has dipped by 570.05 points in six trading sessions. In these six days, investors have recorded more than ₹8.30 lakh crore erosion in wealth.
The S&P Global India Services PMI Business Activity Index fell to 54.3 in September, from 57.2 in August, highlighting the weakest rate of expansion since March.
The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 54 points in March from 54.9 points in February. Mint takes a detailed look at the numbers and what’s dragging down business confidence.
Most Asian factories saw activity slow in March, as slumping Chinese demand and rising raw material costs blamed on the Ukraine crisis added strains to firms already suffering from lingering supply chain disruptions.
Russia's invasion of Ukraine will dominate the markets, especial energy prices with Putin's Russian forces specifically targetting airfields and fuel facilities