Apr 20, 2024
Axis Bank shares are down 5% in the last five days. The stock is also down 6% in 2024.
The bank is the third-largest private bank and the seventh-largest bank in India. Yet, shares of the bank are down despite a rise in the benchmark indices.
So, what’s causing the decline in the stock price?
Let’s find out…
Weak Market Sentiment
Indian benchmark indices have been reeling under immense selling pressure over the last few days amid mixed global cues.
Simmering tensions between Israel and Iran weighed on market sentiment along with investor concerns about a delay in US rate cuts.
This resulted in losses…
Read More…