The Mint Report for 3 November 2011

The Mint Report for 3 November 2011

And while inflation remains high, India’s services industry has shrunk for a second month in a row. The HSBC Markit Purchasing Managers’ Index for October dropped to 49.1. In September it was at 49.8. Only figures above 50 on the index indicate a gain. The latest numbers indicate new business growth in services is now at its lowest since March 2009.

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Indian markets broke a three day losing streak on Thursday, but still ended the session flat. The Sensex nudged up 17 points to 17,482. And the Nifty went up 7 to 5,266.

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