On Tuesday, benchmark index Sensex experienced a decline of approximately 107 points, closing at 65,846. Despite this downturn, 9 stocks listed on the BSE commodities index achieved new peaks within the previous 52 weeks. The 52-week is a vital technical indicator used to evaluate a stock’s current value and forecast potential price fluctuations. This figure represents the highest price at which a stock has traded over the course of the last year.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may