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The Economic Times

Stock market update: Over 230 stocks hit 52-week lows on NSE

NEW DELHI: Over 230 stocks including South West Pinnacle Exploration, Autolite India, JBF Industries and Kwality hit 52-week lows on NSE during Wednesday's trade.

Manpasand Beverages, Arrow Greentech, Panache Digilife, Lasa Supergenerics, Soma Textiles, Barak Valley, Empee Distilleries, Regency Ceramic and Pincon Spirit also featured among stocks that touched 52-week lows on NSE.

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 36 points up at 10,629, while the BSE Sensex was up 124 points at 35,027 around 11:05 am.

Bajaj Auto, Bharti Airtel, HCL Technologies, Bajaj Finance and Indiabulls Housing Finance were among the top gainers in the Nifty index.

On the other hand, HPCL, Tech Mahindra, GAIL (India), Asian Paints and Vedanta were among the top losers in the Nifty pack of stocks.
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