Stocks Hits Fresh 52-Week Highs and Lows
During Tuesday’s trading session on NSE, stocks such as Emami Realty, Dhunseri Invst, Sastasundar Ventures, DRC Systems India, and RattanIndia Infra all reached their fresh 52-week highs. On the other hand, ideaForge Technology, Fourth Dimension Sol, Debock Sales & Mktg, Winsome Yarns, and IRM Energy touched their fresh 52-week lows. The Benchmark NSE Nifty closed 89.4 points up at 19783.4, driven by buying in frontline blue-chip counters.
Overall, 29 shares ended in the green in the Nifty50 index, while 21 closed in the red. SBI Life, HDFC Life, Adani Ent., Hindalco, and JSW Steel were between the top gainers during the day, while Coal India Ltd, ONGC, BPCL, LTIMindtree, and Tech Mahindra ended in the red. The BSE Sensex closed 275.62 points up at 65930.77.
Traders were piling up positions in Telecommunications, Cables, Miscellaneous, Rubber, and Gems and Jewellery sectors. Conversely, selling was witnessed in Agro Processing, Mining, Construction, Electric/Electronics, and Fertilisers sectors during the day.
Hot Take: Market Wrap-Up
The stock market saw plenty of corporations hitting fresh 52-week highs and lows, signaling an overall active trading period. Regardless of the range of high and low movements, the Benchmark NSE Nifty closed positively, with more shares ending in the green in the Nifty50 index than in the red. The BSE Sensex likewise ended the day in green, closing on a positive note. As always, market movements are influenced by numerous industry sectors, with some witnessing increased buying activity and others experiencing more selling pressure. Overall, it was an eventful trading session in the Indian stock market.
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