anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

MARKET

Economy News
India's services sector stays in expansion mode
03-Feb-2023 11:45
India's services sector stayed in expansion mode in January though the pace of growth eased as the sector's Purchasing Managers' Index (PMI) fell to 57.2 from 58.5 in December, according to data released by S&P Global. At 57.2, the services PMI is above the key level of 50 that separates expansion in activity from a contraction for the eighteenth month in a row. The manufacturing PMI declined to a three-month low of 55.4 in January from December's 26-month high of 57.8. As a result, the composite PMI - which is a combination of the manufacturing and services indices also declined to 57.5 from 59.4 in December. The survey showed that service providers received high amounts of new business which helped keep the overall rate of growth historically prominent. Demand resilience in turn meant that output also continued to expand at a generally strong pace,noted said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence.

Powered by Capital Market - Live News

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.