Market momentum wanes as number of stocks touching 52-week highs falls

Feb 05 2013, 02:35 IST
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SummaryA lower number of stocks accounted for market gains during the last one-month. While the benchmark indices moved towards their fresh two-year highs, the number of BSE 500 stocks that touched their respective 52-week highs consistently dwindled in the last one month.

investors still remains muted, the domestic institutions have continued their selling, with the YTD sales standing at about $3.5 billion.

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