Domestic equity markets edged higher in Friday’s 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 per cent.
Barring Nifty IT, Nifty Metal, and Nifty Media indices, all sectors traded on a positive note. Nifty PSU Bank index gained the most, over 2 per cent.
Among individual stocks, shares of Axis Bank
surged over 7 per cent after the lender posted 70 per cent YoY rise in standalone net profit to Rs 5,329.7 crore in Q2FY23. READ MORE
Besides, shares of ITC hit an all-time high of Rs 354, up 1 per cent after the company reported solid earnings in Q2FY23. READ MORE
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