Stock Market Today: Sensex, Nifty 50 End Flat; 122 Stocks Hit 52-Week Highs, 48 at Lows

Stock Market Today: Sensex, Nifty 50 End Flat; 122 Stocks Hit 52-Week Highs, 48 at Lows

June 2, 2025 | Mumbai

In a volatile trading session on Monday, Indian equity benchmarks closed flat, with the BSE Sensex declining by 77 points to 79,454.47 and the NSE Nifty 50 settling below the 24,800 mark. Despite the subdued indices, market breadth was mixed, as 122 stocks reached 52-week highs while 48 stocks touched their 52-week lows. 

Market Overview: Gains Offset by Sectoral Weakness

The session began on a positive note, buoyed by stronger-than-expected domestic GDP growth figures. However, gains were neutralized by losses in IT and metal stocks, primarily attributed to uncertainties surrounding U.S. tariffs, which weighed on investor sentiment. 

"The key benchmark indices traded with mild cuts while experiencing a broader sell-off in the technology sector due to weakness in the US IT companies," said Vinod Nair, Head of Research at Geojit Financial Services. 

Sectoral Performance: IT and Metals Drag, FMCG Gains

Among sectoral indices, IT and metal sectors led the decline, reflecting global concerns over trade policies and commodity prices. Conversely, FMCG stocks provided some support to the market, with select companies posting gains amid stable consumer demand. 

Market Breadth: Mixed Signals

Despite the flat close of benchmark indices, the broader market showed mixed signals. While 122 stocks hit their 52-week highs, indicating bullish sentiment in certain pockets, 48 stocks reached their 52-week lows, reflecting ongoing caution among investors. 

Analyst Insights: Navigating Uncertainty

Analysts suggest that the market is currently navigating through a phase of uncertainty, influenced by global trade tensions and sector-specific challenges. Investors are advised to maintain a balanced approach, focusing on fundamentally strong stocks and sectors with resilient demand.

Investor Outlook: Cautious Optimism

Looking ahead, market participants are expected to closely monitor global developments, particularly trade negotiations and economic indicators. While short-term volatility may persist, long-term prospects remain positive, supported by domestic economic growth and structural reforms.