On Tuesday’s trading session, the Sensex benchmark index experienced an upswing of around 261 points, concluding the day at 66,428. During this upward trajectory, five stocks from the BSE FMCG index reached their highest prices in the past 52 weeks. This 52-week high holds particular significance for specific traders and investors, serving as a vital technical indicator to gauge a stock’s current value and predict potential price fluctuations. It signifies the highest price at which a stock has traded over the preceding year.
Traders raise odds of 50 bps Fed rate hike as CPI rise exceeds expectations
New data has revealed that US consumer prices rose faster than anticipated, prompting speculation about interest rate changes. Fed Governor Christopher Waller suggested a half