India Business News: SEBI has penalized four Seya Industries officials, including Ashok and Amrit Rajani, with ₹58.5 crore for allegedly diverting ₹81.26 crore to promoter
“On the charts, we can observe that the Nifty witnessed an intraday dip. However, the zone of 17750 – 17720, where support in the 20-hour moving average absorbed the selling pressure and restricted further slide. On a weekly basis, the Nifty has managed to close above the 20-week moving average (17789), which is a Bullish sign. The weekly momentum indicator has triggered a fresh positive crossover, which is a buy signal
On a year-over-year basis, the headline number rose 5% against economists' estimates of a 5.2% rise, while the core measure, which strips out volatile food and energy prices, climbed 5.6% in-line with consensus estimates.