In Friday’s trading session, the benchmark index Sensex witnessed a significant increase of around 283 points, closing at 64,364. Within this upswing, 4 stocks belonging to the BSE FMCG index reached their highest prices in the past 52 weeks. The 52-week high is of particular significance to traders and investors, serving as a vital technical indicator for evaluating a stock’s current worth and predicting potential price changes. It represents the highest price at which a stock was traded over the past year.
HDFC Bank has more re-rating potential than ICICI Bank: Santanu Chakrabarti, BNP Paribas
Headline inflation in India also remains fairly benign with persistent inflation pockets like vegetable prices unlikely to be materially influenced by monetary policy. All in