25 stocks hit 52-week lows, 81 stocks at 52-week highs as stock market ends in green for the seventh straight session

Stock market today: On Wednesday, 81 stocks hit their 52-week high, HDFC Bank, Bharti Hexacom, UPL, AAVAS Financiers, AstraZeneca Pharma India, Choice International, JK Cement, Krishna Institute of Medical Sciences, Laurus Labs, Paradeep Phosphates, and SBFC Finance.

In contrast, 25 stocks touched 52-week lows, including some notable names like AA Plus Tradelink, Infonative Solutions, and Retaggio Industries.

The primary stock indices, Nifty 50 and Sensex, closed on Wednesday at their peak levels of 2025, driven by a surge in information technology shares following HCL Tech's positive outlook and optimism regarding a potential easing of tensions in the US-China trade conflict. The Nifty 50 rose by 0.67% to finish at 24,328.95, while the Sensex increased by 0.65% to close at 80,116.49.

The indices recorded their seventh consecutive day of gains, marking the second such series in five weeks, as foreign investors continued to inject funds, inflation rates eased, and predictions pointed towards a favourable monsoon.

Prashanth Tapse, Research Analyst and Senior Vice President of Research at Mehta Equities, noted that a key positive observation was that significant corrective declines were not occurring due to ongoing value purchases by the increasingly optimistic FIIs group. The largest positive factor remained the anticipation that India could greatly benefit from the trade tariff conflict between the US and China. Meanwhile, banking shares were stabilizing as the Bank Nifty index reached a new all-time high of 56,098.70.

Nifty 50 Outlook

According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 remained volatile after an optimistic start, supported by positive global cues. Although the sentiment remains upbeat as the index continues to trade above the previous swing high, the formation of a Hanging Man pattern on the daily chart serves as a warning for those holding net long positions.

“ Additionally, the RSI is on the verge of confirming a negative divergence. Going forward, a decline towards the 24,000–23,900 zone appears likely if the Nifty 50 slips below 24,300. On the higher side, resistance is seen at 24,450–24,500,” said De.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.