Stock market today: On Monday, 79 stocks hit their 52-week high, including Aditya Birla Capital Ltd, Bharat Electronics Ltd, Intellect Design Arena Ltd, Laurus Labs Ltd, Lloyds Metals and Energy Ltd, Maharashtra Scooters Ltd, Max Healthcare Institute Ltd, Muthoot Finance Ltd, Navin Fluorine International Ltd, and Solar Industries India Ltd.
In contrast, 48 stocks touched 52-week lows, with notable mentions like Protean eGov Technologies Ltd, Aditya Vision Ltd, Ganesh Benzoplast Ltd, Navkar Urbanstructure Ltd, AIK Pipes and Polymers Ltd, Capitalnumbers Infotech Ltd, Rex Sealing and Packing Industries Ltd, Goblin India Ltd, Subam Papers Ltd, and Transvoy Logistics India Ltd.
India’s major stock indices declined on Tuesday as investors remained nervous following US President Donald Trump’s call for Iranians to leave Tehran, heightening concerns of an expanding regional conflict amid the continuing tensions between Israel and Iran.
The Nifty 50 dropped by 0.37% to 24,853.4, while the Sensex decreased by 0.26% to 81,583.3.
Vinod Nair, the Head of Research at Geojit Investments, noted that the main equity index experienced slight declines due to increasing concerns about escalating conflicts in the Middle East in advance of the FOMC meeting. This uncertainty resulted in rising Brent crude prices, which is a negative outcome for India because of its heavy dependency on oil imports, ultimately affecting earnings growth.
Nair explained that in the broader market, significant sectors such as automobiles and metals faced selling pressure. On the other hand, the IT sector saw a rebalancing, driven by a stronger US dollar and expectations related to the Fed’s forthcoming interest rate decisions.
