The Sensex fell 192 points to 77,415 on Friday, yet six BSE 500 stocks reached their 52-week highs. A stock’s 52-week high signals strong momentum and potential growth, making it a crucial indicator for investors and traders.
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen
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