Stock Market Today: Nifty 50 and Sensex Close Higher as 126 Stocks Hit 52-Week Highs

The Indian stock market ended Wednesday’s session on a positive note, with both the Nifty 50 and Sensex closing higher despite volatile movements throughout the day. A surge in metal stocks and optimism ahead of the GST Council meeting fueled buying sentiment. The Sensex climbed 409.83 points or 0.51% to 80,567.71, while the Nifty 50 advanced 135.45 points or 0.55% to settle at 24,715.05.

During the session, 126 stocks touched fresh 52-week highs, including major players like Bosch Ltd, CCL Products (India) Ltd, Dalmia Bharat Ltd, Delhivery Ltd, HBL Engineering Ltd, India Cements Ltd, L&T Finance Ltd, Maharashtra Scooters Ltd, Manappuram Finance Ltd, Maruti Suzuki India Ltd, FSN E-Commerce Ventures Ltd (Nykaa), One 97 Communications Ltd (Paytm), Radico Khaitan Ltd, RBL Bank Ltd, TVS Motor Company Ltd, and Zydus Wellness Ltd.

In contrast, 64 stocks slumped to 52-week lows, with Deepak Nitrite Ltd, Indus Towers Ltd, Sri Lotus Developers and Realty Ltd, Maral Overseas Ltd, Regaal Resources Ltd, and Vikram Solar Ltd among the notable losers.

Stock Market Today: Nifty 50 Faces Resistance at Higher Levels

Technical analysts pointed out that while the Nifty 50 recovered after sustaining above the 24,500 level, it faced initial resistance near the 200-hourly moving average. Market experts believe that a decisive move above 24,750 could open the doors for a rally towards 25,000, while immediate support lies at 24,650. A breach below this level may drag the index back towards 24,500.

Sensex and Nifty 50 Gain Momentum Amid GST Council Optimism

The ongoing GST Council meeting in New Delhi is being closely monitored by investors, as discussions around reducing GST slabs to 5% and 18% have boosted expectations of a consumption-driven stimulus. Such rationalisation is likely to benefit sectors linked to consumer demand, potentially fueling market momentum in the short term.

Consumer Stocks Continue to Outperform in the Stock Market Today

According to Vinod Nair, Head of Research at Geojit Investments Ltd, consumer-focused sectors such as discretionary, durables, and staples have shown strong performance. Anticipation of favorable GST reforms has added further strength to these sectors. However, he also cautioned that elevated expectations could lead to temporary disappointment, triggering a phase of consolidation.

Global Market Trends and Gold Prices Support Sentiment

While Indian equities gained strength, global markets remained cautious. Gold prices continued to surge, reaching fresh highs as concerns over prolonged US tariffs and geopolitical uncertainties weighed on investor sentiment. These factors, combined with the GST Council outcome, will play a decisive role in shaping the direction of Indian markets in the coming days.

Disclaimer:
The information provided in this blog is for educational and informational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instruments. Stock market investments are subject to market risks. Past performance is not indicative of future results. Readers are advised to consult a qualified financial advisor before making any investment decisions. The author and publisher are not liable for any losses or damages arising from the use of this information.

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