52 stocks hit 52-week lows, 164 stocks at 52-week high as Nifty 50, Sensex end higher 4th straight session
Stock market today: On Friday, 164 stocks hit their 52-week high, Abbott India Ltd, Affle 3I Ltd, Bharti Airtel Ltd, Bharti Hexacom Ltd, Dalmia Bharat Ltd, Fortis Healthcare Ltd, Gillette India Ltd, Godfrey Phillips India Ltd, Grasim Industries Ltd, HDFC Life Insurance Company Ltd, InterGlobe Aviation Ltd, Max Healthcare Institute Ltd, Multi Commodity Exchange of India Ltd (MCX), and Poonawalla Fincorp Ltd.
In contrast, 52 stocks touched 52-week lows, with notable mentions like Axita Cotton Ltd, Digitide Solutions Ltd, Vikram Kamats Hospitality Ltd, Ola Electric Mobility Ltd, Uma Exports Ltd, and V R Films & Studios Ltd.
The Indian stock market concluded the day with a positive trend, showcasing investor confidence due to reduced global tensions and encouraging local factors. The BSE Sensex rose by roughly 303 points, finishing close to 84,058, while the Nifty50 increased by around 88 points to close near 25,637.
This upward movement in the market was largely fueled by robust performances in sectors like Oil & Gas and PSU Banks, with the Nifty Oil & Gas index climbing over 0.5%.
Vaibhav Vidwani, a Research Analyst at Bonanza, noted that the favourable conclusion was driven by expectations of possible delays in US tariff deadlines, enhanced global market confidence, and a reduction in geopolitical tensions in the Middle East, all of which increased investors' willingness to take risks. Furthermore, the Indian rupee appreciated against the dollar, trading approximately at 85.51, which also contributed to positive market sentiment.
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