India's private sector output expanded at the fastest rate in 13 months in May, with service providers reporting a 14-month high in activity amid strong new business inflows
Sensex Today | Stock Market Highlights on Thursday, May 22, 2025: In the broader basket, Nifty Midcap100 and Nifty Smallcap100 indices settled lower by 0.52 per cent and 0.26 per cent, respectively
Flash HSBC India PMI signals sharpest expansion in 13 months as services see robust growth and employment gains; input cost inflation at five-month high
Companies report 'faster expansion' in employment to meet increased demand
India April 2025 Services PMI: Composite PMI, which combines manufacturing and services PMI, improves to 59.7, up from 59.5 in March
The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February, but was higher than a preliminary estimate
Services sectors saw one of the sharpest increases in employment since records began in December 2005
Stock Markets Today: As of 6:31 AM, GIFT Nifty Futures were down 54 points at 22,137, hinting at a negative start.
Services sector's index climbed to 61.1 in February, its highest level since March of the previous year, compared to 56.5 in January
Overall new business continued to increase strongly as companies report rise in costs, it says
At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets
Composite job creation reached an all-time high since the survey's inception in December 2005.
The higher demand supported output growth and prompted firms to recruit additional workers
Services PMI December 2024: Underlying demand identified as the primary factor behind output growth, says HSBC India Services PMI, compiled by S&P Global
At 6:35 AM, GIFT Nifty futures were trading merely 4 points higher at 24,096, hinting at a flat to positive start for the day
Business confidence leads to 'hiring surge' as input costs rise to the 'greatest extent' in 15 months
November Service PMI: The hiring surge was driven by improving business confidence, rising new orders, and strong international demand in the sector
HSBC Flash November PMI: Composite output index rises to 59.5, up from October's final reading of 59.1. Manufacturing PMI dips to 60.2, services PMI rises to 59.2
After cheering Trump's victory, focus will now shift to US Fed's policy decision. Meanwhile, September quarter results and macroeconomic data will also be eyed
Companies recruit extra workers to meet domestic and international demand