India's Sensex Drops 0.3%, Dragged by Financial Stocks -- Market Talk
Did India's Q2 financial reports fall short of expectations? One unexpected reason: it's too hot outside...
India seems to be facing a fierce roadblock, high temperature, on its way to economic growth. In the 500 constituent companies of the Nifty 500 index, at least 80 mentioned the topic of heatwaves during their earnings conference calls, setting a new record.
RBI Has Taken a Safer Bet in Standing Pat -- Market Talk
India's Sensex Up 1.1%, Led by Auto, Steel Stocks -- Market Talk
Indian Equities Dip on Friday, Dragged by Lack of New Market Triggers, Mixed Earning Results
The final value of HSBC manufacturing PMI in India for July was revised downward to 58.1, which is lower than expected, according to Economic Daily News.
According to HSBC/S&P Global, seasonally adjusted, India's Manufacturing Purchasing Managers' Index (PMI) for July was revised downward from 58.3 to 58.1, confirming initial expectations of an increase to 58.5.