Stock Market Today: Nifty 50, Sensex End Lower as 99 Stocks Hit 52-Week High and 121 Touch Lows

Mumbai: Indian equity markets witnessed another day of selling pressure as both the BSE Sensex and the Nifty 50 closed in negative territory, dragged down by global concerns over fresh U.S. tariffs on Indian products.

The Sensex slipped 271 points, settling at around 79,809, while the Nifty 50 fell below the 24,500 mark, ending near 24,426. Market sentiment remained fragile as investors assessed the broader impact of the 50% tariffs imposed by the Trump administration.

Stock market today: Nifty 50 struggles below key support levels

Analysts pointed out that the Nifty 50 has now extended its corrective phase, dropping below the 100-day EMA, which confirms a deepening bearish trend. The Relative Strength Index (RSI) is in bearish crossover mode, suggesting prolonged weakness.

In the near term, the index may drift towards the 200-DMA placed at 24,071. Key supports are positioned at 24,400 and 24,150, while resistance levels are seen around 24,650. Experts recommend a “sell on rise” strategy as weakness persists.

99 stocks hit 52-week highs while 121 hit lows

Amid the overall weakness, market breadth remained mixed. 99 stocks surged to touch their 52-week highs, while 121 stocks fell to fresh 52-week lows, indicating sharp divergence in sectoral performance.

Mid- and small-cap indices bore the brunt of risk aversion, as stretched valuations and weak liquidity dampened investor appetite. Equity market volatility is likely to remain elevated in the short run.

FMCG stocks shine despite weak broader indices

Contrary to the downward trend, FMCG shares showed resilience, supported by hopes of GST rate adjustments and stronger consumer demand. Analysts expect the sector to benefit from rural recovery and festive season spending, though near-term fiscal impacts remain to be assessed.

Stock market today: Tariff impact weighs on rupee and investor sentiment

The imposition of steep U.S. tariffs has created ripples across the Indian market, with expectations of near-term depreciation in the Indian Rupee. Vinod Nair, Head of Research at Geojit Investments, noted that while the disruption may be temporary, the absence of meaningful trade negotiations between the two sides is adding uncertainty.

Investors remain cautious, waiting for clarity on future talks. Experts believe that despite near-term weakness, India’s export competitiveness could improve in the medium term as companies adapt to the new tariff structure.

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