PMI - Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

"Indian manufacturing PMI for August came in at 52 up from a reading of 46 in July. The manufacturing PMI numbers continue to point to improvement in the economy. This is also corroborated by the Auto sales numbers for the month of August as most OEMs have continued to report sequential improvement in sales numbers. We expect the economic recovery to continue given pent up demand, inventory push prior to the festive season coupled with further opening of the services sector."

Source : Equity Bulls

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