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Stock market today: On Tuesday, 155 stocks hit their 52-week highs, including Aadhar Housing Finance Ltd, Authum Investment & Infrastructure Ltd, Anand Rathi Wealth Ltd, Dalmia Bharat Ltd, Eicher Motors Ltd, Fortis Healthcare Ltd, Godfrey Phillips India Ltd, JSW Steel Ltd, Manappuram Finance Ltd, Maruti Suzuki India Ltd, and Zydus Wellness Ltd.

In contrast, 55 stocks touched 52-week lows, with notable mentions Alphalogic Techsys Ltd, Anik Industries Ltd, Dhruv Consultancy Services Ltd, and Medicamen Biotech Ltd.

Today, the Indian stock markets closed with strong upward momentum, fueled by significant buying in banking and auto sectors, as well as positive sentiment regarding domestic trade and an improvement in global conditions. Both main indices experienced solid gains, with the Sensex jumping 595 points (0.73%) to finish at 82,380, while the Nifty 50 increased by 170 points (0.68%) to reach 25,239, indicating a notable rebound following a lackluster previous session.

Vidwani mentioned that the rally was mainly driven by prominent banks like Kotak Mahindra Bank and Axis Bank, along with significant automotive stocks such as Maruti Suzuki, Mahindra & Mahindra, and Eicher Motors.

Investor sentiment was uplifted by encouraging signals from Asia and the US, particularly as global markets reacted positively to advancements in trade discussions between the US and China, as well as between India and the US.

Small-cap stocks continued to excel, with considerable gains observed in the auto, banking, and media sectors. Moreover, the stability of commodity prices and low volatility contributed to a risk-on atmosphere throughout the day.

(more to come)

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