Stock market today: Tata Motors to SBI— 234 BSE-listed shares hit 52-week low. Do you own any?

Stock market today: AIA Engineering, Apollo Tyres, Birlasoft, Can Fin Homes, Delhivery, Gujarat Gas, NCC, Ratnamani Metals & Tubes, Shoppers Stop, Tata Chemicals, Tata Motors, State Bank of India (SBI), and Vakrangee hit their 52-week lows during intraday trading on the BSE on Tuesday, February 25, indicating a wary investor sentiment in light of a difficult global economic landscape.

Bajaj Electricals, Carborundum Universal,Grindwell Norton, Laxmi Organic Industries, PVR INOX, Senco Gold, Route Mobile, Spandana Sphoorty Financial, Star Health and Allied Insurance Company, TeamLease Services, Tata Communications, Tamilnad Mercantile Bank, Tata Elxsi, and Vaibhav Global were also among the stocks that reached their lowest levels in a year.

The major domestic indices, Nifty 50 and Sensex, finished the day mixed. The Sensex wrapped up trading at 74,602, increasing by 0.20%, while the Nifty 50 remained slightly down, closing at 22,547.55 after a minor decrease of 0.03%.

The Nifty Auto index stood out with an increase of 0.51%, achieving gains for the second consecutive day. On the other hand, the broader market indices like the S&P BSE Mid-Cap and Small-Cap closed lower.

“The market remained range bound, influenced by global trends and limited domestic catalysts. Overall, the market's cautious stance reflects ongoing global economic concerns and domestic market volatility,” said Vaibhav Vidwani, Research Analyst at Bonanza.

Vinod Nair, the Head of Research at Geojit Financial Services, noted that market sentiment is likely to stay careful in the short term because of ongoing pressure on the INR, continuous foreign institutional investor outflows, and tariff-related issues. Important macroeconomic indicators, such as the Core PCE and GDP figures for the US and India, will play a crucial role in influencing expectations regarding the central bank's upcoming monetary policy.

Nifty 50 Outlook

According to Rupak De, Senior Technical Analyst at LKP Securities, the index remained mostly muted, except for a small correction towards the close. Sentiment continues to favor the bears as the index sustained below the 21EMA on the hourly chart throughout the day, indicating selling on every rise. On the lower end, support is placed at 22,500, below which sentiment may worsen further. On the higher end, resistance is seen at 22,650 and 22,750-22,800. A rise towards resistance is likely to attract selling pressure.

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.