During Wednesday’s trading session, the Sensex benchmark index experienced a notable decline of around 551 points, concluding the day at 65,877. Surprisingly, despite the overall market downturn, 10 stocks included in the BSE commodities index reached their highest prices within the last 52 weeks.The 52-week high is of great importance for particular traders and investors as it serves as a crucial technical indicator for assessing a stock’s present value and forecasting potential price fluctuations. This figure signifies the peak price at which a stock has traded over the course of the past year.
IRDAI proposes clawback of commissions in case of mis-selling
Under the proposed framework, distributors could be rewarded for the quality of sales and servicing, while commissions could be clawed back in cases of mis-selling.