75 stocks hit 52-week highs, 25 stocks at 52-week lows as stock market snaps 7-day winning streak

Stock market today: On Thursday, 75 stocks hit their 52-week high, Bajaj Finserv, Bajaj Finance, GlaxoSmithKline Pharmaceuticals, SBI Cards and Payment Services, UltraTech Cement, and UPL.

In contrast, 25 stocks touched 52-week lows, including some notable names like Retaggio Industries, Eastcoast Steel, and Shyama Computronics and Services.

The domestic benchmark indices, Nifty 50 and Sensex, ended a seven-day winning streak on Thursday as investors became more cautious after a fatal militant attack on tourists in Kashmir raised geopolitical concerns in the area.

On Wednesday, India announced several measures to reduce its diplomatic relations with Pakistan, and Prime Minister Narendra Modi pledged to track down the attackers to the "ends of the earth." Fears of escalating tensions caused the blue-chip Nifty 50 index to drop by 0.34% to close at 24,246.7, while the Sensex fell by 0.39% to finish at 79,801.43.

The benchmark indexes had risen by 8.6% over the prior seven days, reaching their highest closing levels in 2025 during the previous trading session.

Vaibhav Vidwani, a Research Analyst at Bonanza, mentioned that this drop came after a strong surge the day before when both indices reached multi-month highs, supported by significant advances in the IT, pharma, and auto sectors. The decline was mainly due to cautious investor sentiment stemming from geopolitical tensions following India's firm reaction to the Pahalgam terror attack, which raised worries about regional stability.

Furthermore, mixed signals from global markets and uncertainty surrounding US-China trade discussions added to the overall negative sentiment in the market. In terms of sector performance, FMCG and real estate stocks were among the poorest performers, pulling the indices down, while some stocks like IndusInd Bank and Tata Motors displayed resilience.

Nifty 50 Outlook

According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 remained flat throughout the day, ending on a flattish note. While the short-term sentiment remains strong, signs of fatigue are becoming increasingly evident. A small correction may happen if the index sustains below 22,300. On the downside, the Nifty 50 could decline towards 21,900, while resistance is seen at 24,300 and 24,500.

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