Stock market today: 43 stocks hit 52-week lows, 109 stocks at 52-week high as Nifty 50, Sensex end higher

Stock market today: On Wednesday, 109 stocks hit their 52-week high, including Aditya Birla Capital Ltd, Authum Investment & Infrastructure Ltd, AU Small Finance Bank Ltd, Bharti Airtel Ltd, EID Parry India Ltd, Home First Finance Company India Ltd, Hyundai Motor India Ltd, L&T Finance Ltd, Multi Commodity Exchange of India Ltd (MCX), Max Financial Services Ltd, Narayana Hrudayalaya Ltd, and Vishal Mega Mart Ltd.

In contrast, 43 stocks touched 52-week lows, with notable mentions like Aditya Birla Lifestyle Brands Ltd, Protean eGov Technologies Ltd, ArisInfra Solutions Limited, Bluspring Enterprises Ltd, Digitide Solutions Ltd, and Uma Exports Ltd.

The Indian stock market finished with significant increases, demonstrating optimistic investor outlooks fueled by reduced geopolitical uncertainties and favorable global signals. The Sensex concluded the day with an increase of about 700 points (roughly 0.85%), closing close to the 82,700 mark, while the Nifty 50 gained approximately 0.8%, ending above 25,240.

Vaibhav Vidwani, a Research Analyst at Bonanza, mentioned that the upward trend was mainly driven by gains in significant sectors like IT, automotive, and FMCG. Key contributors to this growth included Titan Company, Infosys, Tech Mahindra, and Bharti Airtel, with the latter reaching a 52-week peak during the trading session.

Investor sentiment improved due to a tentative ceasefire between Israel and Iran, which alleviated fears regarding tensions in the Middle East and led to a decrease in crude oil prices.

Additionally, Vinod Nair, Head of Research at Geojit Investments, mentioned that a positive monsoon forecast and easing inflation are contributing to the overall optimism. While the possibility of new tariffs from the U.S. could pose a challenge, the market sentiment in the short term remains largely optimistic.

Nifty 50 Outlook

According to Rupak De, Senior Technical Analyst at LKP Securities, the index remained mostly positive after a strong start. Sentiment continues to improve as buying interest in stocks rises.

The ceasefire following the conflict between Israel and Iran has boosted confidence among bullish traders, who are now aiming to take the Nifty 50 towards 25,750. Immediate resistance is placed at 25,350; a breakout above this level could extend the rally towards 25,750. On the downside, the 24,820–25,000 zone is likely to continue acting as a crucial support. Unparallelled Put writing, in contrast to Call OI unwinding, reflects the bullish aggression of traders.

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.