NEW DELHI: Shares of ABans Enterprises, Affordable Robotic Automation, Apollo Finvest (India) and Bio Green Papers hit 52-week highs on BSE during Wednesday's trade.Capital India Finance, Coastal Corporation, Galaxy Bearings, Megastar Foods, Nimbus Industries, Rama Petrochemicals and Swaraj Automotives also featured among stocks that hit 52-week highs on BSE.By 11:20 am, as many as 23 stocks had hit 52-week highs on BSE, while 289 stocks had touched 52-week lows.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.The NSE Nifty index was trading 44 points up at 10,637, while the BSE Sensex was up 151 points at 35,054 around 11:20 am.Bajaj Auto, Bharti Airtel and Sun Pharma were leading among Sensex gainers.In the Sensex kitty, 25 stocks were trading with gains and only 6 were suffering losses.