Significance of Nifty 50 Membership for Axis Bank
Being a constituent of the Nifty 50 index places Axis Bank among the elite group of companies that represent the Indian equity market’s largest and most liquid stocks. This membership not only enhances the bank’s visibility among domestic and international investors but also ensures its inclusion in numerous index-tracking funds and exchange-traded funds (ETFs). Consequently, Axis Bank benefits from a steady inflow of passive capital, which can contribute to improved liquidity and potentially narrower bid-ask spreads.
Moreover, the bank’s presence in this benchmark index reflects its sizeable market capitalisation, which currently stands at approximately ₹3,98,010.47 crore,...
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