Sensex Remains On A Pressure Zone At 55,366.27 Points, Nifty Falls By 0.73%

The equity markets are under pressure for the last two days. Nifty 50 stood at 16,509.35 points, falling by 0.73%, while Sensex opened at 55,390.38 points, falling by 0.67% on July 25. Till 2.10 pm. Nifty PSU Bank fell by 0.58%, Nifty Private Bank fell by 0.83%, and Nifty energy fell by 0.25%. Zomato, GLT Infra Bank, and Yes Bank are the 3 top active stocks today.

Fresh 52-week low stocks

The top 5 stocks to reach a 52-week low level on NSE are Tanla Platforms Limited with a 20% fall, Zomato Limited with a 9.87% intra day fall, Sterlite Technologies Limited with a 7.35% fall, PB Fintech Limited with a 4.65% fall, and ABM International Limited with a 4% fall today.

Fresh 52-week high stocks

The top 5 stocks to reach 52-week high level on NSE in intra day trading are Archidply Industries Limited gaining by 19.96%, eMudhra Limited with a 14.83% gain, Kirloskar Electric Company Limited with a 9.91% gain, Aster DM Healthcare Limited with a 6.61% gain, and Marathon Nextgen Realty Limited with a 5.40% gain. Additionally, Hardwyn India Limited also reached its 52-week high-level but gaining by 5.00% in the intra day trading.

Top 3 Nifty 50 losers

The top 3 Nifty 50 losers are Infosys with a 3.67% fall, Dr. Reddy with a 2.93% fall, and Axis Bank with a 2.85% fall. However, Bajaj Finserve gained by 5,55% in the late trading hour today, to become a top loser.

Mr. Rahul Shah, Co-Head of Research, Equitymaster told the media, "The Sensex is trading close to its long-term average PE multiple of 20x-21x. Therefore, the onus of taking the markets higher is predominantly on earnings growth. And while it was expected that earnings would put up a good show in FY23, doubts have started to creep in on this front. Macro headwinds like fast depreciating rupee, high inflation, and hawkish central banks, have led to a few experts already initiating earnings downgrades. And more could follow suit. Thus, unless there is some good news on this front, markets are likely to remain sluggish over the near term."