Economic Data Update
India(Nov) Nikkei Services PMI Actual: 52.7 Vs 49.2
The PMI index tracks variables such as sales, employment, inventories, and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.
Impact: Data is positive for the market, but the ongoing uncertainties in the global market is restricting the gains. RBI policy is due for tomorrow, market participants are waiting for their stance to get further clarity in the market.