Axis Bank shares rise 2.89% in favourable market session
Updated
Updated · MarketWatch · May 6
Axis Bank shares rise 2.89% in favourable market session
12 articles · Updated · MarketWatch · May 6
The stock closed at 1,296.10 rupees on Wednesday as the BSE Sensex gained 1.22% to 77,958.52.
Axis Bank finished 8.62% below its 52-week high of 1,418.30 rupees reached on 3 February.
Among peers, State Bank of India rose 3.41%, ICICI Bank added 2.25% and Yes Bank jumped 8.06%, while Axis Bank trading volume was 199,140 against a 50-day average of 406,118.
Why did Axis Bank's stock rally on such unusually low trading volume?
Is Axis Bank's huge 'West Asia shock' provision a smart move or a hidden red flag?
The market surged on US-Iran peace rumors. Is this recovery a lasting trend or a temporary illusion?