The stock of Siemens India has given 11-days consolidation breakout on daily scale. This breakout was accompanied by strong trading volume, surpassing the 50-day average volume. Furthermore, on the breakout day, the stock displayed a significant bullish candle, reinforcing the strength of the upward movement.
Retail inflation at 6.2 per cent dims early rate cut hopes
India’s retail inflation unexpectedly jumped to a 14-month high of 6.2% in October, driven by soaring vegetable, fruit, and edible oil prices. This surge breaches