Capital Goods Shares Rise on HSBC PMI Data

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Shares of the Capital Goods rose on Friday after the robust HSBC PMI data which reflected reports of improving demand in December, as new orders increased for the fourteenth consecutive month.

    Moreover, the rate of expansion was marked overall and the fastest since the end of 2012.

    Capital Goods Shares Rise on HSBC PMI Data

    Business conditions improved at a faster pace in all three market groups during the month, with the
    sharpest expansion seen in consumer goods.

    A composite indicator designed to give an accurate overview of manufacturing operating conditions - climbed to a two year high of 54.5 in December, up from 53.3 in the prior month.

    Output in the Indian manufacturing sector rose in line with the headline index in December, with growth picking up to the quickest in two years.

    BHEL was up 2.85 per cent, ABB rose 0.24 per cent, Crompton Greaves up 0.75 per cent, and others gained between 1-3 per cent. The BSE Capital Goods index was seen trading at 15,658 levels up by 263 points or 1.70 per cent.

    Read more about: hsbc pmi capital goods shares
    Story first published: Friday, January 2, 2015, 13:28 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more