Axis Bank top Sensex gainer as it raises funds worth $10 million
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Shares of Axis Bank rose nearly 3% after the private sector bank informed the bourses that it has raised senior notes in the international market.
Reacting to the development, the stock gained as much as 2.6% to Rs 450 on the BSE, and was the leading Sensex gainer.
On the BSE, 85 lakh shares exchanged hands on the counter as compared to its two-week average of 13 lakh shares.
Axis Bank said that its board of directors passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to $10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.
The stock had hit a 52-week high of Rs 638 on 7 September 2016 and a 52-week low of Rs 417 on 11 April 2016.
The stock underperformed the market over the past one month till Monday's closing, sliding over 4 as compared to over 1% gains on Sensex. The scrip marginally underperformed the market over the past one quarter, gaining 11.37% against the Sensex's 11.53% rise.
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Shares of Bharat Petroleum Corporation Ltd (BPCL) were down by 4.2 per cent at Rs 560.20 intraday on Friday.
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Israeli missiles targeted a site in Iran in response to a recent drone and missile attack launched by Iran, reportedly in retaliation against an alleged Israeli airstrike on Iranian embassy in Syria, according to a report in ABC News.
ABC News reported on the unfolding situation, amid fears that the clash between Israel and Iran might escalate into a wider regional conflict.
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