Stocks In News Today, October 21: ITC, Axis Bank, ColPal and others in news today | Buzzing Stocks

Stocks In News Today, October 21: IndusInd Bank, Asian Paints, UltraTech Cement, HDFC Bank, Titan and Axis Bank were among the prominent laggards, dropping as much as 4.71 per cent.

Benchmark indices ticked higher for the fifth straight session on Thursday. Image Source: PTI

Stocks In News Today, October 21: Benchmark indices ticked higher for the fifth straight session on Thursday, buoyed by fag-end buying in IT stocks despite a largely downbeat trend overseas. A recovery in the rupee also boosted investor confidence. After swinging between gains and losses throughout the session, the 30-share BSE Sensex saw robust buying towards the fag-end to close 95.71 points or 0.16 per cent higher at 59,202.90. Similarly, the broader NSE Nifty climbed 51.70 points or 0.30 per cent to 17,563.95. World stocks were largely negative ahead of a slew of central bank meetings. Among other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower. The Dow Jones Industrial Average fell 90.22 points, or 0.3%, to 30,333.59, the S&P 500 lost 29.38 points, or 0.80%, to 3,665.78 and the Nasdaq Composite dropped 65.66 points, or 0.61%, to 10,614.84.

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These are stocks which will be in focus today:

ColPal

Colgate-Palmolive India Ltd's stocks will be in focus today after the markets open after the FMCG major on Thursday reported a 3.28 per cent rise in net profit at Rs 278.02 crore for the second quarter ended on September 30, 2022, helped by improved sales momentum.

ITC

ITC Ltd on Thursday reported a 24.08 per cent increase in consolidated net profit at Rs 4,670.32 crore for the second quarter that ended September 30, 2022.

Axis Bank

Axis Bank on Thursday reported a jump of 70 per cent in its standalone net profit at Rs 5,329.77 crore in quarter ended September 2022 on healthy core income aided by trimming of bad loans. The country’s third largest private sector lender had posted a net profit of Rs 3,133.32 crore in the year ago same quarter ended September 2021.

SBI Life

The stocks of the SBI Life Insurance will be in focus today as the company will declare Q2 results today.

DLF

DLF stocks will be in focus today as the company will declare Q2 results today (October 21).

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