The stock is up over a percent in early morning trade.
Axis Bank advanced over 1.5 percent to a high of Rs. 560 after the Central Bank allowed fresh purchases by the foreign investors.
According to reports, the RBI has allowed FIIs to buy fresh shares of the bank as their holding fell below the threshold limit.
The stock is now up 1 percent at Rs. 556.35. The counter has seen trades of around 91,000 shares on the BSE.
Meanwhile, the Sensex has shed 46 points at 26,791.
Axis Bank advanced over 1.5 percent to a high of Rs. 560 after the Central Bank allowed fresh purchases by the foreign investors.According to reports, the RBI has allowed FIIs to buy fresh shares of the bank as their holding fell below the threshold limit.
The stock is now up 1 percent at Rs. 556.35. The counter has seen trades of around 91,000 shares on the BSE.
Meanwhile, the Sensex has shed 46 points at 26,791.
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