During Thursday’s trading session, the Sensex benchmark index experienced a substantial surge of roughly 490 points, concluding the day at 64,081. Amid this surge, 9 stocks included in the BSE commodities index reached their highest prices within the past 52 weeks. The 52-week high holds special importance for traders and investors as it serves as a crucial technical gauge for assessing a stock’s present value and forecasting potential price fluctuations. It signifies the highest price at which a stock has traded during the preceding year.
Dalal Street Week Ahead: Nifty enters consolidation phase; breakout above 26,100 key for next market move
The Nifty ended the week mildly lower, extending its sideways consolidation within the 25,700–26,100 band amid falling volatility. With no clear breakout and the India