Axis Bank Shows Strong Rebound Amid Broader Market Gains and Positive Momentum

Jun 06 2025 11:35 AM IST
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Axis Bank has rebounded after three days of decline, gaining 3.18% on June 6, 2025, and reaching an intraday high of Rs 1196.65. The bank outperformed its sector and is trading above key moving averages, reflecting positive momentum. The broader market also saw gains, with the Sensex rising significantly.
Axis Bank has shown significant activity today, gaining 3.18% as of June 6, 2025. This performance marks a notable trend reversal, as the stock has rebounded after three consecutive days of decline. The stock reached an intraday high of Rs 1196.65, reflecting a 3.28% increase during the trading session.

In terms of market positioning, Axis Bank has outperformed its sector by 1.67%, indicating strong relative strength. The bank is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum in its price action.

The broader market also experienced a rise, with the Sensex climbing 697.24 points to reach 82,131.48, up 0.85% after a flat opening. The Sensex is now just 4.68% away from its 52-week high, supported by bullish moving averages. Notably, Axis Bank's performance over various time frames has been robust, with a year-to-date increase of 11.93% and a remarkable 77.99% rise over the past three years, showcasing its strong growth trajectory in the private sector banking industry.
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