Friday, October 21, 2022
Indian equity markets edged higher in today's( 21 October 2022) intra-day trade despite dim global cues. Key indices Nifty50 rose over 50 points to trade above 17,600 levels and the S&P BSE Sensex advanced over 300 points to trade at 59,549 levels.
Broader markets, too, jumped in tandem as Nifty MidCap 100 and Nifty SmallCap 100 indices climbed up to 0.4 percent.
Barring Nifty IT, Nifty Metal, and Nifty Media indices, all sectors traded on a positive note. The nifty PSU Bank index gained the most, over 2 percent.
Under individual stocks, shares of Axis Bank surged over 6 percent after the lender posted a 70 percent YoY rise in standalone net profit to Rs 5,329.7 crore in Q2FY23. Also, shares of Lakshmi Machine Works rose over 3 percent after consolidated net profit climbed 139.6 percent YoY to Rs 104.30 crore in Q2FY23.
