Stock market today: 53 stocks hit 52-week lows, 142 stocks at 52-week high as Nifty 50, Sensex end in green

Stock market today: On Wednesday, 142 stocks hit their 52-week high, including Apollo Hospitals Enterprise Ltd,Ashok Leyland Ltd, Delhivery Ltd, Eternal Ltd, Fortis Healthcare Ltd, HBL Engineering Ltd, JSW Steel Ltd, Marico Ltd, Maruti Suzuki India Ltd, One 97 Communications Ltd (Paytm), TVS Motor Company Ltd, and UltraTech Cement Ltd.

In contrast, 53 stocks touched 52-week lows, with notable mentions Agarwal Industrial Corporation Ltd, Flexituff Ventures International Ltd, Hindusthan National Glass & Industries Ltd, Praveg Ltd, Race Eco Chain Ltd, and Vantage Knowledge Academy Ltd.

The Indian stock market ended the day on a high note. The Sensex increased by 213 points to close at 81,857, while the Nifty 50 climbed 70 points, finishing above the crucial 25,000 level at 25,050. The trading session was characterised by widespread buying activity, with leading IT companies Infosys (+3.78%) and TCS (+2.64%) driving the upward trend, indicating strong momentum in the sector.

Vaibhav Vidwani, a Research Analyst at Bonanza, noted that FMCG and Realty stocks also played a significant role, reflecting strong consumer confidence and the ongoing real estate upswing. Continued investment in IT and major FMCG companies followed a positive quarterly outlook and persistent spending on digital transformation.

There is optimism surrounding GST rate reforms and the strength in domestic consumption-focused sectors, particularly in the auto and consumer goods industries. Although there was some profit-taking in specific Pharma and Media stocks, it was not enough to undermine the overall positive sentiment. Bank stocks lagged, generally trading flat to negative, but consistent inflows in autos and new-tech stocks helped maintain the index's resilience.

(more to come)

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories