Axis Bank Stock Struggles: Nifty 50’s Top Loser on October 13, 2023 – An In-Depth Review

Axis Bank Stock Struggles: Nifty 50's Top Loser on October 13, 2023 - An In-Depth Review
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Axis Bank Ltd, a major player in the banking sector, encountered a tumultuous day in the stock market on Friday, October 13, 2023. This blog post provides an in-depth analysis of Axis Bank’s stock performance on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), shedding light on price fluctuations, trading volumes, and critical observations.

NSE : Axis Bank Stock Performance As Per October 13, 2023

  • Opening Price: ₹1,009.00
  • Previous Day’s Closing Price: ₹1,018.45
  • Highest Price During Trading Session: ₹1,011.45
  • Lowest Price During Trading Session: ₹992.25
  • Closing Price: ₹994.05
  • Decrease in Closing Price: ₹24.41 (2.39% decrease)
  • Total Volume of Shares Traded: 1,21,73,162
  • Volume-Weighted Average Price (VWAP): ₹998.30

Axis Bank’s day on NSE began at ₹1,009.00, mirroring its previous day’s close of ₹1,018.45. The stock faced highs at ₹1,011.45 and lows at ₹992.25 during the trading session.

Unfortunately, by the closing bell, Axis Bank’s stock dwindled to ₹994.05, signifying a decrease of ₹24.41 or a 2.39% drop. The high total volume of shares traded on NSE, amounting to 1,21,73,162, had a VWAP(R) of ₹998.30.

BSE : Axis Bank Stock Performance As Per October 13, 2023

  • Opening Price: ₹1,010.55
  • Previous Day’s Closing Price: ₹1,017.65
  • Highest Price During Trading Session: ₹1,011.20
  • Lowest Price During Trading Session: ₹992.00
  • Closing Price: ₹993.95
  • Decrease in Closing Price: ₹23.70 (2.32% decrease)
  • Total Volume of Shares Traded: 3,63,760
  • Volume-Weighted Average Price (VWAP): ₹998.05

Axis Bank’s performance on BSE mirrored its NSE counterpart but with negative implications. It initiated trading at ₹1,010.55, just below the previous close of ₹1,017.65. The stock reached its highest point at ₹1,011.20 and its lowest at ₹992.00 during the trading day.

By the closing bell, Axis Bank’s stock on BSE was valued at ₹993.95, reflecting a decrease of ₹23.70 or 2.32%. The total volume of shares traded on BSE for Axis Bank was 3,63,760, with a VWAP(R) of ₹998.05.

Axis Bank’s Downturn Makes It a Standout in Nifty 50’s Top Losers on October 13, 2023

The stock market can be a turbulent arena where each trading day brings its share of challenges. On Friday, October 13, 2023, Axis Bank found itself in the spotlight for less desirable reasons as a notable mover within the renowned Nifty 50 index. On Friday, October 13, 2023, Axis Bank’s stock emerged as the top decliner within the Nifty 50 index.

This turn of events in the financial landscape serves as a cautionary tale for investors, highlighting the need for careful consideration and well-informed investment decisions.

The prominence of Axis Bank as a significant player in the Nifty 50 index on October 13, 2023, underscores the volatile nature of financial markets. It urges investors and market enthusiasts to critically assess the unfolding narrative and anticipate the company’s future moves in this ever-changing financial landscape.

Conclusion

October 13, 2023, witnessed Axis Bank’s stock facing substantial challenges within the Nifty 50 index. This occurrence serves as a stark reminder that the stock market can be an unpredictable and often harsh domain. In such an environment, thorough analysis and prudent decisions are crucial to navigate the ever-evolving financial landscape. Stay tuned for further updates as the market continues its tumultuous journey.

FAQs

What was Axis Bank’s opening price on the National Stock Exchange (NSE) on October 13, 2023?

Axis Bank’s opening price on NSE on October 13, 2023, was ₹1,009.00.

What percentage decrease did Axis Bank’s stock experience on the Bombay Stock Exchange (BSE) on that day?

On October 13, 2023, Axis Bank’s stock on BSE witnessed a 2.32% decrease.

What was the Total Volume of Shares Traded on the National Stock Exchange (NSE) for Axis Bank’s stock?

A total of 1,21,73,162 shares were traded on NSE for Axis Bank’s stock on October 13, 2023.

How did Axis Bank’s stock perform in comparison to the Nifty 50 index on October 13, 2023?

On October 13, 2023, Axis Bank’s stock emerged as the top loser within the Nifty 50 index, indicating a decline in its market value.

What is the key takeaway for investors from Axis Bank’s performance on that day?

The performance of Axis Bank’s stock on October 13, 2023, serves as a reminder of the unpredictable nature of the stock market. It emphasizes the importance of careful analysis and well-informed investment decisions to navigate the financial landscape successfully.

Disclaimer

The information provided in this blog is for general informational purposes only and should not be considered as professional financial or investment advice. Always conduct thorough research and seek advice from a qualified financial advisor before making any investment decisions. The blog author and publisher are not responsible for any actions taken based on the information provided in this blog. Any reliance on the content is at your own risk. Remember that the financial markets can be volatile, and past performance is not indicative of ture results. The company mentioned in the blog may have undergone changes or developments that are not reflected here. Please verify the information with credible sources before making any financial decisions.

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