NEW DELHI: Shares of Majestic Research Services and Solutions (down 10 per cent), Fiberweb (India) (9.99 per cent) and Ganges Securities (9.97 per cent) plunged up to 10 per cent on BSE during Wednesday's trade in an otherwise positive market.Shares of Focus Suites Solutions Services (9.90 per cent), Authum Investment Infrastructure (9.64 per cent) and Aditya Consumer Marketing (9.34 per cent) also tanked nearly 10 per cent on BSE.Equity markets were up ahead of the RBI policy outcome scheduled for later in the day.
The central bank will announce its bimonthly monetary policy on Wednesday amid expanding economic growth and the recent increase in crude oil prices.The RBI may deliver its first interest rate hike in nearly 4.5 years, says a Reuters report.
However, there are others who feel that RBI may hold rates this time to hike them in the August and October policy reviews.Benchmark NSE Nifty50 index was up 44 points at 10,637, while the BSE Sensex was up 144 points at 35,047 around 10:45 am.In the Nifty index, 37 stocks were in the green, while 13 stocks in the red.
In the Sensex kitty, 26 stocks were advancing and 5 were declining.
Asian Paints, ICICI Bank and NTPC were trading among the losers in the Sensex index.