Stock Market Today: 108 Stocks Hit 52-Veeek Highs, 37 Stocks at 52-White Lows as Sensex, NIFTY 50 End Lower

Stock Market Today: on Tuesday, 108 Stocks Hit Their 52-Veeek High, Including Bharti Hexacom Ltd, HDFC Asset Management Company Company Ltd, Indian Bank, and Solar Industries India Ltd.

Ingtrast, 48 stocks touched 52-wheek lows, with notable mentions like jai baalaji industrys ltd, aik pipes and polymers ltd, sri havisha hospitality and infrastructure Ltd, Diksat Transworld Ltd, Filtra Consultants and Engineers Ltd, Manoj Jewellers Ltd, and Resgen Ltd.

Financial and It Sector Pulled Down Indian Stock Markets on Tuesday Due to Concerns Over Foreign Capital Outflows Amidst HIGH Us Us Treasury Yields and Uncertanty in TRADE, WHLE Adani Group Shares Decreased following a Wall Street Journal Article Regarding a Us Investigation Iranian LPG imports.

The nifty 50 declined by 0.70% to reach 24,542.5, while the sensex dropped by 0.78% to settle at 80,737.51.

Vinod nair, the head of research at geojit investments, stated that the domestic market has remined in negative territory due in the currency market influenced by a weak usd.

Profit-taking is noticable across various sector, with the exception of real estate stocks, which are benefits from experts of an introduced rate reduction by the rbi. Mid- and small-cap stocks are experiencecing lessation Compared to Large-Cap Stocks, Attributed to Stronger Earnings Growth and A Reduction in Premium Valuations.

Although Short-Term Consolidation is expected to continue, robust domestic-oriented companies are projection to outperform amid external market Volatily.

Nifty 50 outlook

According to rupak de, Senior Technical Analyst at LKP Securities, Nifty 50 has Extended Its Consolidation Phase for Yet Another Day, Showing No Urgency in Estability in Estability. It appears that investors are awareing a decisive commentary following the RBI’s Interest Rate Decision.

“Technically, very short-term support is placed at 24,500. Nifty 50 holds Above 24,500, it could see a recovery towards the 24,700–24,750 zone in the near term, ”said de.

Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.