Stock market today: 146 stocks hit 52-week low, 71 stocks at 52-week highs as market ends flat

Stock market today: On Tuesday, 146 stocks hit their 52-week lows, including AU Small Finance Bank, Colgate Palmolive (India), Hero MotoCorp, LTIMindtree, and Titan Company. In contrast, 71 stocks touched 52-week highs, with notable mentions like Bajaj Finance, Kotak Mahindra Bank, JSW Steel, and Shree Cement.

The domestic benchmark indices, Nifty 50 and Sensex, ended the day largely unchanged on Tuesday, easing off after a six-session surge that eliminated their losses for 2025, amid concerns about impending US reciprocal import tariffs.

The Nifty 50 climbed by 0.04% to finish at 23,668.65, while the Sensex also increased by 0.04% to close at 78,017.19. During the session, the indexes reached a high of 0.9% and dipped as much as 0.25%.

The broader smallcaps and midcaps dropped by 1.6% and 1.1%, respectively, breaking a six-day streak of gains.

Even with a flat close, IT stocks continued to excel, bolstering the overall market sentiment. The Nifty NEXT 50 index saw a decline of 1.47% during the day, finishing at 62,703.75. Overall, while there has been a buildup of momentum in the market, the sustainability of the rally is questionable due to global economic uncertainties, according to experts.

Vinod Nair, Head of Research at Geojit Investments Limited, mentioned that following a six-day rally in recovery, the wider market experienced some profit-taking, especially in small and mid-cap stocks, which still exhibit premium valuations. Conversely, the IT sector saw gains, fueled by favorable global signals arising from the anticipation of reduced tariffs and a recent drop in valuations. In the short term, investor sentiment is likely to be cautious as they look for clarity regarding trade policies between the US and India.

Nifty 50 Outlook

According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty 50 faced resistance at the previous swing high, leading to a volatile session before closing slightly lower. On the downside, support is observed around 23,300, which is a congestion level, with the 100-EMA also placed near this level.

As long as the Nifty 50 remains above 23,300, we anticipate a consolidation phase within a broader range of 23,300 to 23,800. Immediate support is placed at 23,600, and a decisive drop below this level could drive the index toward 23,300. On the upside, resistance is at 23,800, and a breakout above this level may resume the rally.

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