These ten stocks are trading close to their 52-week low

A 52-week low is the lowest price at which a stock has traded during the last one year period.

The Indian stock market ended Friday's session on a sour note, with both major indices, the BSE Sensex and NSE Nifty, finishing lower. The Sensex dropped 329.92 points, a 0.43 per cent decrease, settling at 76,190.46. Similarly, the Nifty 50 lost 113.15 points, or 0.49 per cent, to close at 23,092.20, as investors engaged in profit-taking and reacted to global market cues.

Sector Highlights

• Pharmaceuticals and Energy: These sectors took a beating today, with the Nifty Pharma and Oil & Gas indices both falling by more than 2 per cent, reflecting concerns over earnings and regulatory pressures.
• Consumer Goods and IT: There were some silver linings with the FMCG and IT sectors managing to close in the green, indicating pockets of resilience in consumer demand and tech investments.
• Banking Sector: The Nifty Bank index saw a slight decline, ending the day down by 221.2 points or 0.46 per cent at 48,367.8, as investors took a conservative stance.

Market Dynamics

• Breadth: The broader market did not fare well, with the Nifty Midcap 50 index dropping by 1.21 per cent and signaling broader market weakness.
• Advances vs. Declines: The day ended with 831 stocks declining against 1106 advancing on the BSE, showcasing a mixed sentiment in the market.

Stock Performers

• Top Losers: Notable decliners included Tata Steel, Dr. Reddy's Laboratories, and Reliance Industries, pulling the indices downwards.
• Top Gainers: Stocks like Britannia, HCL Technologies, and Maruti Suzuki managed to buck the trend, closing in positive territory.

Investor Sentiment
The market's mood was cautious, with the 'Fear & Greed Index' indicating "Extreme Fear", likely influenced by global market volatilities and domestic policy uncertainties.

Global Market Influence

• Asian Markets: Mixed performances across Asia might have contributed to the indecisiveness in Indian markets.
• US Markets: While US stocks saw gains overnight, this did not translate into sustained momentum for Indian indices.

Looking Forward

• Economic Releases: Eyes will be on upcoming economic data, including inflation numbers and manufacturing PMI, which could sway market directions.
• Earnings Season: The ongoing Q3 earnings reports, with major players like Bajaj Finserv due next, will continue to influence stock-specific movements.

Here is the list of the stocks that ended close to their 52-week low on January 24, 2025:
 

Conclusion
The trading session on January 24 ended with a bearish tone, with profit-taking and sector-specific concerns overshadowing any positive global cues. As we approach the last week of January, market participants will be keen on digesting the latest corporate earnings and any policy announcements, which could set the tone for next week's trading.

Disclaimer: The article is for informational purposes only and not investment advice.