Preliminary January PMIs for Germany showed a worsening of the situation contrary to the expected improvement. The composite PMI in January was at 47.1 against 47.4 a month earlier, and there are forecasts of an increase to 47.8.
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Germany has suffered more than other western European countries from their embargo on Russian gas, oil and coal imports. Several of its most energy-intensive heavy industry plants have been forced to shut down.
Foreign institutional investors (FII) bought shares worth Rs 487.94 crore, while domestic institutional investors (DII) purchased Rs 2,294.93 crore worth of stocks on September 1, provisional data from the National Stock Exchange (NSE) showed.