During Wednesday’s trading session, the benchmark index Sensex dropped around 284 points, ending the day at 63,591. Despite this decline, 7 stocks from the BSE Consumer Discretionary index reached their highest prices in the last 52 weeks. The 52-week high holds significant importance for traders and investors as it serves as a crucial technical indicator for assessing a stock’s present value and anticipating potential price fluctuations. This figure represents the highest price at which a stock has traded over the past year.
New investor additions in markets declined by 11.6% in November (MoM): NSE Report
The pace of new investor additions in the equity markets slowed in November, with growth declining 11.6 per cent month-on-month, as only 13.2 lakh new