NEW DELHI: Asian Paints, Bharat Financial Inclusion, HDFC Bank, Hindustan Unilever and IndusInd Bank appeared among the stocks that hit 52-week highs on NSE in Tuesday's trade.JSW Steel, Kotak Mahindra Bank, Magma Fincorp, Nestle India, Pidilite Industries and Seamec too joined the bandwagon of stocks that hit 52-week highs on NSE today.Equity markets were in the positive territory, shrugging off mixed global cues and disappointing macroeconomic numbers.Reversing the declining trend of three months, retail inflation inched up to 4.58 per cent in April.
The Wholesale Price Index (WPI) based inflation too rose to 3.18 per cent in April mainly on account of spike in fuel prices, as per inflation data released by the government on Monday.
However, markets got a boost as BJP was seen getting the clear majority in Karnataka.The NSE Nifty index was trading 100 points up at 10,906, while the BSE Sensex was up 367 points at 35,923 around 10:50 am.In the Nifty pack, 35 were stocks were trading with gains, while 15 were suffering losses.All sectors were in the green on NSE.
Nifty Bank, financial, IT and metal indices were trading with gains of over 1 per cent.Bajaj Finance, Tata Steel and Power Grid were the top gainers in the Nifty pack of stocks.