Stock market today: 137 stocks hit 52-week highs, 94 stocks at 52-week lows as Nifty 50, Sensex end in red

Stock market today: On Thursday, 137 stocks hit their 52-week highs, including Amber Enterprises India Ltd, CreditAccess Grameen Ltd, Choice International Ltd, Netweb Technologies India Ltd, and TD Power Systems Ltd.

In contrast, 94 stocks touched 52-week lows, with notable names like Crompton Greaves Consumer Electricals Ltd, Five-Star Business Finance Ltd, Vedant Fashions Ltd, Praj Industries Ltd, Ramkrishna Forgings Ltd, Tata Consultancy Services Ltd (TCS), and United Breweries Ltd.

Today, the Indian stock market closed significantly lower, with the Sensex declining by around 555 points and the Nifty falling below the 24,900 level. Ongoing selling by foreign institutional investors, weak international indicators, and growing worries about US visa restrictions, particularly the new $100,000 fee for H-1B visa applications, dampened investor confidence.

Analysts noted that market participants also remained cautious about the strengthening US dollar and rising crude oil prices, which together heightened concerns over fiscal pressure and potential further outflows of foreign investment.

(more to come)

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