During Thursday’s trading session, the benchmark index Sensex witnessed a substantial decline of around 307 points, closing at a value of 65,688. However, despite this market downturn, six stocks from the BSE large index achieved new highs within the previous 52 weeks. The 52-week high holds great significance for specific traders and investors, serving as a vital technical indicator to evaluate a stock’s current worth and anticipate potential price fluctuations. This value represents the peak price at which a stock has been 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