During Tuesday’s trading session, the Sensex benchmark index saw a drop of roughly 316 points, concluding the day at 65,512. Notably, amidst this market decline, five stocks listed on the BSE Healthcare index reached their highest prices in the last 52 weeks. The 52-week high carries particular importance for certain traders and investors, serving as a crucial technical indicator to assess a stock’s current worth and predict potential price movements. This figure signifies the highest price at which a stock traded over the previous year.
Urban-rural consumption gap closes further in 2023-24
Consumption inequality between rural and urban India decreased in 2023-24, with notable increases in Monthly Per Capita Consumption Expenditure (MPCE) in both areas. Non-food items