Tuesday, 24 July 2018

Sensex hits record high even as some stocks sink to 52-week lows

Experts said investors ought to avoid taking leverage bets and choose stocks simply because it's corrected in double-digits within the recent past.

The Sensex hit a record high of 36,749.69 on Mon, however, traders aren't rejoicing as a result of over 300 stocks on the BSE hit a recent 52-week low. Once markets scale recent peaks, one got to have seen additional stocks hit recent 52-weeks highs. However, within the current state of affairs, it's the opposite means around.

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OPENING BELL SENSEX UP 85.05 @ 38692.06 NIFTY UP 16.15 @ 11612.85 BANKNIFTY DOWN 5.55 @ 29780.55 USD/INR 69.072 ...