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HomeBusinessMARKET LIVE: Sensex up 300pts, Nifty50 above 17,600; Axis Bank surges 6%

MARKET LIVE: Sensex up 300pts, Nifty50 above 17,600; Axis Bank surges 6%

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Domestic equity edged higher on Friday despite dim global cues. Key indices Nifty50 rose over 50 points to trade above 17,600 levels and the S&P advanced over 300 points to trade at 59,549 levels.
Broader markets, too, jumped in tandem as MidCap 100 and SmallCap 100 indices climbed up to 0.4 per cent.
Among individual stocks, shares of Axis Bank surged over 6 per cent after the lender posted 70 per cent YoY rise in standalone net profit to Rs 5,329.7 crore in Q2FY23.

Besides, shares of Lakshmi Machine Works rose over 3 per cent after consolidated net profit climbed 139.6 per cent YoY to Rs 104.30 crore in Q2FY23.



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