AXISBANK
Axis Bank LimitedKey stats
- Open
- 1,264.90
- Previous close
- 1,290.00
- Volume
- 1,27,62,071
- Average price today
- 1,239.05
- Circuit limits
- 1,198.30 to 1,272.30
- Industry
- Financial Services
Price alerts
News
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Manic Monday at Indian stock market: Sensex, Nifty bleed
Indian benchmark indices Sensex and Nifty slumped over 1% on Monday, dragged down by disappointing earnings from major private sector lenders like HDFC Bank and Axis Bank, alongside profit-booking in IT stocks. Weaker margins, higher provisions, and subdued global cues contributed to a broad-based market selloff that erased ₹3.6 lakh crore in investor wealth.
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Sensex, Nifty crash: Why is stock market down today? Massive wealth eroded; investors lose ₹4 lakh crore
Indian benchmark indices Sensex and Nifty crashed over 1% each, erasing Rs 4 lakh crore in investor wealth due to weak global cues, soaring crude oil prices, and persistent foreign capital outflows. Sentiment was further dragged down by a sharp decline in major private banking stocks following their mixed Q2 earnings results.
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Why are banking stocks falling? Nifty Bank down 1%; Axis, HDFC Bank shares crash up to 5%
Major private sector banking stocks experienced sharp declines following their Q2 earnings announcements despite reporting growth in net profits and net interest income. High expectations and mixed performance details weighed on market sentiment, dragging the Nifty Bank index down by 1% alongside persistent macroeconomic concerns like FII selling and elevated crude prices.
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Stock Market Down: Bulls lose ground! Sensex sinks nearly 900 points, Nifty ends below 22,900; 5 key triggers behind Rs 5 lakh crore selloff
The Indian stock market suffered a sharp selloff, with the Sensex sinking nearly 900 points and the Nifty dropping below 22,900 amid weak global cues, profit booking, and persistent FII outflows. Heavyweight private banks like Axis Bank and HDFC Bank fell following Q2 results that failed to impress investors, while India VIX jumped over 4% due to rising volatility.
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PSU bank stocks soar up to 8%, but HDFC, Axis and other private lenders fall up to 5% after Q2 results. Why the sharp divide?
PSU bank stocks rallied strongly after upbeat Q2 earnings led by PNB, while major private lenders like Axis Bank and HDFC Bank faced selling pressure despite profit growth due to missing specific estimates. This sharp divergence created a mixed performance across the banking sector, weighing slightly on the broader Nifty Bank index.
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Axis Bank shares fall over 4% despite 38% YoY jump in Q2 net profit. Why brokerages are revising target prices
Axis Bank reported a 38% YoY jump in Q2 net profit, though the figure missed analyst estimates, causing the stock to fall over 4%. Despite the profit miss, asset quality improved and major brokerages like Jefferies, Centrum, and Dolat Capital maintained positive ratings with revised target prices.
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Axis Bank Share Price Highlights: Axis Bank Stock Price History
Axis Bank shares fell roughly 4% following its Q2 earnings report, mirroring a broader correction among private lenders. However, brokerage firm Anand Rathi issued a bullish recommendation with a target price of Rs 1,672, suggesting a strong upside potential.
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PC Jeweller shares soar 26% in just two sessions. Here’s what’s triggering the sharp surge
PC Jeweller shares surged following a block deal and the company achieving debt-free status after repaying all consortium bank dues ahead of schedule. Analysts remain optimistic about jewellery demand heading into the festive and wedding seasons, driven by organised players gaining market share.