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Why Nifty Is Falling Today

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Reasons Why Nifty is falling like anything:

Covid lockdowns: 

Austria said it would reintroduce lockdowns -- and make vaccination mandatory from February -- to fight a worrying jump in new infections. Other countries including Germany, Slovakia, the Czech Republic and Belgium were also bringing in measures.

Rate hikes earlier than expected: 

Bundesbank president Jens Weidmann publicly contradicted the European Central Banks official line on Friday, warning that inflation may stay above 2 per cent for some time and that the ECB should avoid any commitment to keeping the money taps open.

Crude oil falls: 

Oil extended losses as major consumers including the United States considered releasing some of their reserves to keep a lid on prices, which have been a key reason for the jump in inflation this year.

Broader markets:

Broader market indices were trading down, underperforming their headline peers in morning trade. Nifty Smallcap was down 0.84 per cent while Nifty Midcap declined 0.83 per cent. Broadest index on NSE, Nifty 500 was down 0.58 per cent.

Global markets:

Asian markets mostly fell Monday. In early trade, Tokyo, Hong Kong, Sydney, Wellington, Taipei, Manila and Jakarta were all down, though there were gains in Seoul and Singapore.

Click Here To Get Live Risk Free Trading Recommendations 

Stock Market Report For 15 March 2021

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Topic :- Share Market Closing Note

Indian benchmark indices fell for the second day in a row on March 15 but recovers some of the intraday losses with Nifty finishing above 14,900 mark.

At close, the Sensex was down 397.00 points or 0.78% at 50,395.08, and the Nifty was down 101.50 points or 0.68% at 14,929.50. About 1210 shares have advanced, 1788 shares declined, and 207 shares are unchanged.

Divis Labs, Hero MotoCorp, Coal India, Bajaj Finserv and GAIL were among major losers on the Nifty, while gainers included JSW Steel, Tata Steel, Tech Mahindra, Power Grid Corp and IndusInd Bank.

Among sectors, metal, IT and PSU bank indices ended in the green, while seling witnesse in the auto, infra and pharma sectors. BSE Midcap and Smallcap indices ended 0.5 percent lower.


Topic :- Time:3.00 PM

Nifty is showing smart recovery now. Nifty spot if manages to close above 14940 level then expect some further upmove in coming sessions and close below above mentioned level will result in some sluggish movement.


Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4800.If it manages to trade and sustain above 4820 level then expect some rise in it and if it breaks and trade below 4790 level then crudeoil is likely to show some decline.


Topic :- Time:2.20 PM

Just In:

Ratan Tata acquires stake in Pritish Nandy Communications.


Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 14840 level then expect some more recovery in the market and if it breaks and trade below 14800 level then some decline can follow in Nifty.


Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 678.If it manages to trade and sustain above 680 level then expect some upmove in it and if it breaks and trade below 677.50 level then some decline can be seen in the market.


Topic :- Time:1.10 PM

Nifty is on the verge of decline. Nifty spot if breaks and trade below 14740 level then expect some further decline in the market and if it manages to trade and sustain above 14780-14800 levels then some upmove can be seen in the market. As nifty is still trading with negative bias traders are advised to avoid taking big long positions.


Topic :- Time:12.51 PM

Just In:

February WPI inflation at 4.17%, reaches 27-month high

The Wholesale Price Index (WPI) numbers for February 2021 has been released by the Ministry of Commerce and Industry.

WPI inflation for the month is at 4.17 percent compared to 2.26 percent for the corresponding period in January 2021, as per a ministry release

This is a 27-month high.

WPI inflation was at 2.03 percent in January 2021 and at 2.26 percent in February 2020.

WPI Food Index in February 2021 stood at 3,31 percent, an increase against (-)0.26 percent in the previous month.

In Non-food Articles, inflation was at (-)0.51 percent in February, a decline compared to January, 2021.


Topic :- Time:12.30 PM

GOLD Trading View:

GOLD is trading at 44800.If it breaks and trade below 44760 level then some decline can be seen in GOLD and if it manages to trade and sustain above 44820 level then some upmove is likely to follow in this bullion.


Topic :- Time:12.00 PM

Nifty is likely to turn more volatile now. Nifty spot if manages to trade and sustain above 14840 level then some further upmove can be seen in the market and if it breaks and trade below 14820 level then some decline is likely to follow in the Nifty.


Topic :- Time:11.55 AM

Must Subscribe in the public issue of 

Craftsman Automation Ltd

Recommendation - Subscribe for listing Gain and Investment 

Face Value- Rs 5

Issue Opens - 15th Mar, 2021 (Monday)

Issue Closes - 17th Mar, 2021 (Wednesday)

Issue Size - Rs 832.7 crore at Upper Band

Price Band - Rs 1488-1490

No.of Shares - Fresh Issue of 1,006,711 Eq Shares of ₹5 (aggregating up to ₹150.00 Cr) +Offer for Sale of 4,521,450 Eq Shares of ₹5 (aggregating up to ₹673.70 Cr)

Minimum Lot Size - 10

Minimum App Amount - Rs 14900/ at Upper End


Promoter Srinivasan Ravi is the chairman and managing director of the company. He is a mechanical engineer by training and a first-generation entrepreneur with over 34 years of industry experience. He holds 52.83 percent of the paid-up equity of the company, while the total shareholding of promoter and promoter group is 63.40 percent.

The company had received funding from global investors, International Finance Corporation in 2010 and 2012, and Standard Chartered Private Equity (Mauritius) II in 2012 (which transferred its stake to its affiliate, Marina III Singapore Pte in 2017). IFC and Marina presently have 14.06 percent and 15.50 percent shareholding, respectively, in the company.

Existing Shareholding Pattern

Shareholder             % of Share held

1. Srinivasan Ravi      52.83%

2. Marina               15.50%

3. IFC                  14.06%

4. S Murali         10.57%

5. K Gomatheswaram      7.04%

Objective of the Issue

The company will utilise fresh issue proceeds for repaying certain borrowings to the extent of Rs 120 crore, while the funds from the offer for sale will go to the selling shareholders� the promoter and investors.

Company Background

The company commenced operations in 1986 in Coimbatore, Tamil Nadu. 

Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments�powertrain and other products for the automotive segment, aluminium products for the automotive segment and industrial and engineering products segment. It is the largest player in the machining of cylinder blocks and cylinder heads in the intermediate, medium and heavy commercial vehicles segment as well as in the construction equipment industry in India.

Manufacturing Facilities

It owns and operates 12 manufacturing facilities in seven cities in India, with a total built-up area of over 1.5 million square feet.

Product Range

Its key products are highly engineered and include crankcase and cylinder blocks for two-wheelers, engine and structural parts for passenger vehicles and gearbox housing for heavy-commercial vehicles.

Marquee Clients

The end-users for its products include original equipment manufacturers (OEMs) producing commercial vehicles, special utility vehicles, tractors and off-highway vehicles.

Clients Include: Daimler India, Tata Motors, Tata Cummins, M&M, TAFE, Escorts, Ashok Leyland, Mitsubishi Heavy Industries, John Deere, JCB India, TVS Motors, Royal Enfield, Siemens 

Client Concentration in Revenue

It has a diversified client base with top 10 customers accounting for 59.15 percent, 53.41 percent, 56.25 percent and 52.59 percent of revenue from operations, in the nine months ended December 2020 and FY20, FY19 and FY18, respectively.

Financials Growth

Craftsman Automation registered a revenue growth at a CAGR of 0.5 percent during FY18-FY20 and profit grew at a CAGR of 14.1 percent.

(Fig in Rs Cr)     FY18       FY19       FY20       9m FY21

Net Revenue        1479       1818 1492       1023

EBITDA       294       443 398        288

EBITDA Margin(%)   20%        24.3%      27%        28%


PAT                32         97 41         51

EPS                16         48         21         25


Stock is rightly priced in the IPO. One can subscribe for the listing gain and for Investment.

We expect decent listing gains.


Topic :- Time:11.40 AM

Just In:

Kalyan Jewellers to launch IPO tomorrow


Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex plunges 700 pts, Nifty below 14,900; bank stocks crack

2. Tech Mahindra gains 2% as Co to acquire 70% stake in Perigord

3. Vedantas dues, rising interest rates sound trouble for Anil Agarwal

4. Coronavirus: India cases at 11,385,158; Pune reports 3,267 fresh cases

5. MTAR Tech makes stellar debut, lists at 85% premium over issue price

6. Packaging stocks hit new highs; Jindal Polyfilms, Uflex surge up to 10%

7. Adani Welspun finds gas in Mumbai Offshores Tapti-Daman sector

8. Vodafone changes tack, looks to borrow funds

9. RBI rejects Yes Banks ARC plan, cites conflict of interest

10. Growth prospects for Orient Electric firm but margin improvement holds key


Topic :- Time:11.00 AM

After flat opening nifty is trading in red zone. Nifty spot if breaks and trade below 14820 level then expect some further decline in the market and if it manages to trade and sustain above 14860 level then some pull back can be seen in the market.


Topic :- Stocks under F&O ban on NSE


2. Punjab National Bank


4. Sun TV


Topic :- Stocks in the news

Jindal Saw: Brickwork Ratings revalidated its rating as BWR AA/Stable for bonds amounting to Rs 500 crores of the company.

Kotak Mahindra Bank: The board of directors approved dividend on 100 crore Nos. 8.10 percent non-convertible perpetual non-cumulative preference shares of the face value of Rs 5 each for FY21. The record date for the purpose of payment will be March 19, 2021.

Bajaj Finance: The debenture allotment committee of the company has allotted 300 secured redeemable non-convertibles debentures on a private placement basis.

JSW Steel: India Ratings and Research has reaffirmed the companys rating at AA, with the outlook revised to stable from negative.

IIFL Finance: The company will close its bond issue early on March 18 instead of March 23, 2021.

SBI Card: The board approved raising up to Rs 2,000 crore by issuing bonds.​


Topic :- Nifty Opening Note

Indian Stock Market Trading View For 15 March,2021:

Nifty is likely to remain volatile and is expected to show few more wild moves. Global cues will be trend setter. Reliance stock and Banking stocks to be eyed.

Nifty spot if manages to trade and sustain above 15060 level then expect some upmove and if it breaks and trade below 14080 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.


When can you find the right investment time in the stock market?

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Investing in the stock market can make you earn good amount of money provided you have all the knowledge of the market. You have to understand the insights of the market and then you have to invest in the market according to your budget. If you fail to do so then you would be in a good position to earn a better income. You might also try to make the best income by investing in mutual funds. Regarding your mutual fund investment you need to exactly know how much risk is involved in it. This would help you to determine whether you should invest in the particular stock or you should wait for some more time to research. You would be able to get all the best profit when you try to make a clear decision yourself in the market without making any attempts to get advice from your friends. You would be able to get the right idea by looking at the sensex as well. It is from the stock charts that you would be able to get the right idea where to invest and you also need to look whether you would be in a profitable position in the market by investing in it. You have to know that in the market if you try to take a wrong step then it might make you lose your money and you would be in a mess what to do after losing your cash. You might also consider investing in online stock market but for this you have to try your best to know how to research carefully by visiting genuine sites. There are sites where you would not get any latest updates of the market and so you need to make the right profit. This would also lose your confidence in the stock market where you would not be able to make any profit and would lead you to lose trust in the market as well. Finding the right stocks can also help you to get all the profits without much effort and you would be able to get the right income. You also need to plan the right time when you should invest in the stocks. Therefore you should try your best to understand when can you find the right investment time in the stock market?


Know how to invest wisely

You have to try to know how to invest wisely in the market by looking at the conditions of the market. It might be difficult for you to get the best income within a short time but if you lose your hope and patience then it would be much more difficult to get the best income. You have to be informed of the market situation so that you would be able to tackle the risks that would come your way. If you try to invest in the shares and stocks without any attempt to know the past performances then you would not be able to make any good income. If you view the stock market as very risky and you cannot take the risks then you should not try to invest in the market as this would be a big mistake on your part. It would also lead you in making your financial conditions very poor and you would regret for your mistakes.


Do try to make the best investment plan

Are you willing to make your investment for short or long term benefits? This question should be answered by you before you try to make your investment in the share market. If you want all your queries to be solved then you should also make good understanding of the market by watching the daily business news. This would help you to make the right type of income and you would find that you have been successful in the stocks. Making your investment in the stocks can help you to gain good money without any problem and you would be glad on your part to get the best profit. Thus you have seen when can you find the right investment time in the stock market.

Why Forex ?

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If you are looking forward to earn good returns from your investment, Forex or Foreign Exchange Market is a great proposition for you. If you are thinking why we are recommending for Forex trading – the answer is Forex trading is one of the most profitable investment options. There are so many advantages of trading at the Forex market that have made Forex trading so much popular all over the World. Even a few years back Forex trading was not so popular, but gradually it is becoming more and more popular among investors and there are reasons behind that. Here we are presenting some of the factors that have made Forex trading a viable investment solution.


First of all Forex market is the biggest investment market in the World. If we consider the Global Forex market as a whole it amounts to trillions of dollars. So you can understand that Forex market has the biggest potential for every investor. Unlike most of the major stock exchanges that are saturated with investors, Forex markets have still got immense potential and you can benefit from this largest financial market that has a global dimension. That is the reason that Forex trading is being considered as more preferred way of investment than the stock market.


In Forex trading you can have the greatest leverage if compared to any other form of investment. With minimum margin deposit you can invest in much bigger amount and hence you have the chance of earning more with little investment. In fact there are some Forex brokers who will offer you a leverage of 200 to 1. That means with a minimum investment of $100 you can trade in $20000 worth of currency at the Forex market. This is one of the determining factors for the rising popularity of Forex trading.


In Forex trading you will enjoy the highest liquidity of your investment. Liquidity is the feature that is determined by the possibility of transforming your assets into cash without any price discounts. While doing Forex trading you will enjoy highest form of liquidity simply because you are dealing in currencies and there will be no price discounts when you are converting your investment into cash.


Another advantage of Forex trading is that Forex market is open round the clock, if you consider the Global Forex market. So if you are investing in the Global Forex market you can actually trade at any time of the day according to your convenience and throughout the week.


If you compare the stability of the Forex market with any other market like the stock market and the commodity market you will find out that Forex market is the most stable of them. In fact while the stock market can rise or fall about 15% in a single day, Forex market does not fluctuate more than 1% in a day. So, with such stability in the Forex market you can save your investment even if the market is falling and hence there is less risk involved in Forex trading.


In Forex trade you get the least spread rate. In fact during the last few years the spread rate or the difference between the bid price and the ask price has tightened heavily. Generally the spread rate for the most highly traded currency pair or Euro and US$ is just about 5 pips.


Forex trading has got least transaction cost. As an investor you will have to pay nothing or very little for the trading to your brokers. This is one advantage that will not only give you more return but also let you enjoy more flexible trading terms as you do not have to pay the transaction charges to your broker.


There is a misconception about Forex trading that is you need a huge fund to start trading at the Forex market. The reality is most brokers offer a mini or micro account for the starters that require very little investment to start of Forex trading.


With the wide available Forex trading systems or Robots, trading at the Forex market have become lot easier. You can now see the current quotes, have a look at your fund and trade effortlessly with these automated systems.

Merry Christmas 2019

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Sharetipsinfo team wishes everyone a Merry Christmas 2019. May god bring happiness in the life of all.

Please make your Christmas and new year even better by investing in the below stock for Medium Term:

Buy GAIL in Range 118-118.50 Stoploss 108 Target 140. 

Please note it is for investment only.

Get more personalized investment ideas by Joining us. 

Know the tips to double your money in the stock market

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Investing in the stock market is not as easy as it seems. Even if you have the required resources at your disposal backed by proper as well as an up to date knowledge about the stock market, there is every possibility that you incur losses. As such, there is a huge need in the present day that you know the tips to double your money in the stock market.


Investing, whether it is in the stock market or in any other schemes is not only about having the required resources and investing the same

There are a number of factors that a person, who is investing in the stock market, needs to consider while investing their cash. He just cannot take the plunge into the investment world and make an investment just like that. If an investor does so he will only be hitting an arrow in the blind, which can eventually prove to be very dangerous in fact fatal to him as well as to all the investments that the respective investor has undertaken. As such, in the opinion of the experts, a good investor is one who does not simply leap into the investment world without giving a proper emphasis on the pros and cons of the investment that he is undertaking.


Investing involves being aware, alert and attentive to the changes as well as to the activities that are going on in and around them

In order to succeed in the stock market or in any other investment scheme, plans or policies, etc, it is of utmost importance that you be aware of what you are doing. However, simply being aware is not enough; you at the same time have to be alert and attentive to the changes that are taking place in and around you in the investment world. However, in order to make that possible you need to be a pro as regard to the investment world. By the term pro we are here referring to those investors who have so far been able to register the maximum profits by facing the minimum possible losses.


In order to earn reasonable profits in the stock market it is essential that a person is a good investor at first

To be a pro or in other words a good investor it is essential that you know your trade well, that is in other words, you will have to look deeper into the subject under study, which are investments. To be a good investor it is at first of utmost importance that you are not carried away by the profits that the other investors earn. By this, we mean to say that a good investor do not let speculations affect him and his investment decisions in any way. He himself, studies about the respective investment plans and only after being sure that it has prospects will he invest. If he is not sure of the returns on the respective investment scheme he will reject it and move in search of better opportunities and investment plans.






It is not all that simple to make an investment however simple it may look like:

The reality is that however simple it may look like to make an investment but in reality it is not all that simple. In fact truly speaking, investing in the stock market or in any other investment scheme involves a very complex and knotty procedure, so much so that many a times the entire process of making an investment has been regarded as a maze. In fact of all the people who have made an investment, be it in the stock market or in any other investment scheme, till date, only a handful of them have been successful. In other words, only a few lucky investors have been able to walk through the maze without being lost or trapped. By the terms trapped and lost we mean without incurring losses or facing risks in the stock market or in any other investment schemes. Thus you should know the tips to double your money in the stock market by availing stock tips

Can sharetipsinfo help me to become successful in the market?

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When investing in the stock market you have to know all the insights of the market and its working conditions as well. If you are not ready to take any risks in the market then you should try to think twice before investing in the stocks. You also need to know that the conditions of the stock market always keep on changing and so you need to know that you should be very well knowledgeable about the market. In this case you have to visit a good as well as reliable website where you can get all the latest updates of the market. Getting the right updates and that too at the right time is both very important and you would be able to reap the maximum gains from the market. You can also check the stock charts where would be able to gain knowledge on what is happening in the stock market. But the first thing that is very important for you is to get hold of a good website so that you can get all your doubts cleared. In this case you can always get the updated status of the different stocks by visiting This website has been designed for people who are very interested to invest in the stock market but due to lack of good resources they are not able to make any good decision about the market.  You can get all types of information related to stock market, mutual funds and you would be able to clear all your doubts about the market as well. But there might be some questions on your mind like, “Can sharetipsinfo help me to become successful in the market?” So let us have a look at this so that you can get the right information and get your queries solved.


Get share tips online

You would be able to get share tips online by making a visit to this particular website. There are also different important sections that you can find in the website. All these sections are very important and it helps you a lot to resolve all your doubts or queries that you have on your mind. If you are willing to invest in the mutual funds then you have to know all the insights of it and you can find all such related information by visiting Finding the right type of stocks and then investing in it can greatly help you make the maximum profits from the share market.  It is important for you to understand your budget and then make your way in the stock market. If you are not sure about the conditions then it would be quite impossible for you to take the right step in the market.  Researching the market can take a lot of time but in the course of time you would be able to become an expert after getting all the latest information of the stocks in the market. If you are not sure about a particular stock then you would have to wait for the right time and then invest in the market. By doing this you can make the right investment and that too at the best time of the market. You would also be able to gain much confidence from the market which is very important.


Get news and stock alerts

You can also find stock alerts by visiting the particular website and you would be proud of yourself after finding that this has been one of the best steps that you have taken by visiting it. You can also try to read the different stock articles that would help you to remain quite knowledgeable about the market. So you can get to learn many things when you visit the website. When do not have all the required knowledge of the market then you should try to visit this particular website and you would be sure of your profits from your stock investments in the market. So you have now got the answer to your query on, “Can sharetipsinfo help me to become successful in the market?”

Top 5 Forex Trading Strategies

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Follow the basic things and earn amazing returns in the forex market

Being successful as a forex trader is not a child’s play,but by understanding the changes in the market it becomes very easy to handle the situations wisely. In order to make money one must understand the complexity of the market and following the suggestion of the technical analyst one can win the market. Forex trading is a form of foreign exchange and is a huge trading world where people can always make money. The exchange rates owe a huge impact on the returns as there is no fixed rate due to regular changes. The market is not very much stable and earning handsome returns is not very easy for people who invest without noticing the changes.


How to make money in forex trading isnot easy and people interested inwinning the market need tofollow a specific strategy.As there are different factors which owe a huge impact on the currency trading it is a must to seek the guidance of an expert whoguides the forex traders in the right manner. The volatility of the market makestraders lose a lot with negligence and gaining profitsis easyfor one who follow the market without any fail.Though the forex trading market is not much volatile there are changes whichare to be handled with a great care as this is the only way to manage the risks.Withstanding the tough situations ofthe marketfollowing the specific strategy supports a lot in earningamazing returns and making moneywith short term or long-term investments becomes easy.

1.       Maintain simplicity

Keep the trading simple byinvesting in the right areaas gaining quality returns is possible only with theactual trading strategy. The forex trading strategy which is simple supports investors to avoid risks and enjoy a unique trading style with handsome returns.By noticing the fluctuation in the market, one can take quick decisions and even earn better results.Maintaining the investment low,the chance of losing the investments is very less and with reliable approach trading becomes a great fun.

2.       Currency pairing

One needs tounderstand the currency pairingand thenchoose the currency.Forex market is just the trading market thatsupports in exchanging the foreign currencies. The exact pair of currencyhelps inwinning the trade properly andby choosing the right pair the risk of losing theinvestments reduces to a great extent.Trading is never simple and with a systematic trading planand the right currency pairing one can easily win the returns.Learning currency pairing and choosing the right pair supports alot in managing the riskand balancethe trading.

3.       Don’t overthink

Avoid overthinking as the forex trading requires patience.Increasing the chance of gaining profits is possible with the investors who choose the techniqueconsidering the type of investment. The short-term investment varies from that of the longtermoneandachievingpositive resultsis possible by watching the market closely.

4.       Charts

The investor who works according to the charts can easily predict the future price movements. The expert analyst considers the happenings and then suggest the right way to step with specific time frames. Preventing the fall of returns is possible with the support of the charts which are designed by the person who understands the fundamentals of the economics.Along with this one need to follow the trend while investing.In order to make a safe move every trader need to know the happenings and then earn profits.

5.       An ideal way

Avoid complex method as the complicated terms confuse the investor and are not good enough to earn returns. No single method allows people to stay successful in the market and earning returns with consistent rules help in winning market. People who trade with discipline never lose in making nice profits and can even earn returns as a beginner.

Following the unique strategy, one can win the market and make money within specific time frames as the effective trading strategies stand as a powerful tool offering quality returns.Earning highly effective returns is easy for the individual who depend on the efficient forex trading strategies that are suggested by the expert analysts.So, seek the support of the guidance of an analyst and earn handsome returns as the expert deliver genuine information and the right strategy suitable for your need.

India's services industry contracts in February as inflation hits demand

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Activity in India's service industries contracted in February for the first time since November as rising price pressures led to a decline in new businesses orders, a private survey showed on Monday.

Services activity suffered for most of last year following a ban of high value currency notes in November 2016. The July 1 implementation of a national sales tax 1 was another setback, weakening demand.

The Nikkei/IHS Markit Services Purchasing Managers' Index fell to a six-month low of 47.8 in February, compared with January's 51.7.

"Both activity and new work declined for the first time since November, with rates of contraction the strongest since August, thereby ending the recent recovery experienced by India's service sector," said Aashna Dodhia, an economist at IHS Markit.

"Anecdotal evidence pointed to weak underlying demand conditions in the service economy."

A sub-index tracking new business sank to a six-month low of 48.0 last month from 51.7 in January as demand continued to be affected by higher prices.

The survey said prices rose at their fastest pace in seven months after a sharper hike in input costs forced services firms to transfer some of the inflationary pressure to customers.

Despite declining slightly in January, fuel prices remained elevated. That and expectations of massive government spending over the coming year are likely to keep the inflation rate above the Reserve Bank of India's medium term target of 4 percent in the near future, increasing the chances of a hike in the central bank's benchmark rate.

In February, manufacturers also faced accelerating inflation, pushing overall input prices to rise at their quickest pace in three and a half years.

The contraction in services activity offset an expansion in manufacturing and caused a composite PMI, which includes both, to plunge to 49.7, its lowest since August, from 52.5 in January.

"However, (services) firms seem to believe that the decline is transitory as they raised their staffing levels at the joint-fastest pace since June 2011, in line with positive projections of activity growth," said Dodhia.

Asia's third-largest economy grew at its sharpest annual rate in more than a year during the quarter to end-December, 7.2 percent, reclaiming its title of the world's fastest growing major economy.

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