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Nifty, Sensex rebound on hopes of West Asia de-escalation, short covering

Buzz line2 months ago01 mins

The benchmark Nifty50 index recovered close to half of its recent losses on Thursday, as reports emerged that Iran had reached out to the US for talks on ending the war, improving risk appetite. Source

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PMI: Retreating momentum dents confidence of services, manufacturing firms

Buzz line3 months ago01 mins

Business activity in India’s sectors weakened, with the services PMI at an 11-month low and manufacturing PMI at a two-year low. Companies are cautious, citing inflation and competition, while expectations for future support may aid recovery in domestic demand. Source

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