Taking Stock: Sensex, Nifty end 1% lower amid broad-based selloff
Investor sentiment was dampened by US CPI inflation data, which dashed hopes of a June rate cut and led to a surge in treasury bond yields
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Investor sentiment was dampened by US CPI inflation data, which dashed hopes of a June rate cut and led to a surge in treasury bond yields
The Sensex was down 793.25 points or 1.06 percent at 74,244.90, and the Nifty was down 234.40 points or 1.03 percent at 22,519.40.
The importance of the 52-week high lies in depicting a stock's highest value over the preceding year, making it a crucial metric for traders and investors.
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