During Wednesday’s trade on NSE, shares of Aster DM Health, Shradha Infraproject, Marksans Pharma, Torrent Power, and Minda Corp. reached their fresh 52-week highs. This was accompanied by a rise in the benchmark NSE Nifty, which closed 206.9 points up at 20096.6 due to buying in frontline bluechip counters.
Stocks such as Bohra Industries, Karda Const, Fourth Dimension Sol, Raj Rayon and SEL Manufact Touch Fresh 52-Week Lows
However, some stocks like Bohra Industries, Karda Const, Fourth Dimension Sol, Raj Rayon, and SEL Manufact touched their fresh 52-week lows during the same trading session.
Nifty50 Index Performance
In the Nifty 50 index, Axis Bank, Hero MotoCorp, M&M, Wipro and Tata Motors were among the top gainers of the day. On the other hand, Adani Ent., ONGC, Divis Labs, Nestle India and Titan Company ended in the red.
BSE Sensex Closing
The BSE Sensex closed at 727.71 points up at 66901.91.
Sector Performance
Traders showed interest in Telecommunications, IT Enabled Services, Tea / Coffee, Hospitals & Allied Services, and Airlines sectors by accumulating positions. Conversely, selling was observed in Agro Processing, Industrial Equipment, Apparels, Construction and Trading sectors throughout the day.
Hot Take: Market Sees Mixed Performance with New 52-Week Highs and Lows
The stock market witnessed a mixed performance with some stocks reaching fresh 52-week highs while others touched new lows. The Nifty 50 index experienced gains in certain blue-chip counters, contributing to the overall rise in the benchmark NSE Nifty. However, there were also stocks that ended in the red. The BSE Sensex closed positively, reflecting the overall market sentiment. Traders showed interest in specific sectors, while others experienced selling pressure. It remains crucial for investors to closely monitor market trends and make informed decisions based on their investment goals.
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