Stock market today: On Thursday, 102 stocks hit their 52-week high, including Authum Investment & Infrastructure Ltd, Eicher Motors Ltd, Maruti Suzuki India Ltd, Nuvoco Vistas Corporation Ltd, FSN E-Commerce Ventures Ltd (Nykaa), TVS Motor Company Ltd, and UNO Minda Ltd.
In contrast, 141 stocks touched 52-week lows, with notable mentions AAVAS Financiers Ltd, AIA Engineering Ltd, Cohance Lifesciences Ltd, Five-Star Business Finance Ltd, HFCL Ltd, Jindal Saw Ltd, Praj Industries Ltd, and REC Ltd.
Today, Indian stock markets closed in the red, with the Nifty 50 dropping by 0.85% to 24,500 and the Sensex decreasing by 0.87% to 80,080, reflecting a negative finish following widespread selling activity.
The main factor behind today’s decline was the abrupt announcement of an additional 25% tariff by the US on Indian exports—bringing the total to 50%—which unsettled investor confidence and resulted in significant early losses across the indices, as noted by experts.
Vaibhav Vidwani, a Research Analyst at Bonanza, stated that moving ahead, market sentiment is anticipated to stay wary, with the markets likely remaining within a range as participants seek more clarity on the India–US trade conflict and the global interest rate scenario. Any indications of a resolution regarding tariffs or favorable developments in global markets might provide support, but continued FII outflows and strain on bank stocks could limit short-term gains.
Nifty 50 Outlook
According to Rupak De, Senior Technical Analyst at LKP Securities, the market has shifted from a “buy on dips” setup to a “sell on rise” opportunity over the past few days. In the current fast-changing dynamics, staying light appears to be a prudent strategy. On the higher side, resistance is placed at 24,650/24,850, while on the lower side, support is seen at 24,480/24,300.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
