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The Nifty Bank index was trading 1.0 per cent up at 44456.3.

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 287901.04 Crore).

The stock quoted a 52-week high price of Rs 598.15 and low of Rs 315.3.

The brokerage has cut its FY24 PAT estimate by 5% and FY25 PAT estimate by 15% to factor in higher continued provision for SC/GST on royalty, higher dry well write-off, and weak FY23 results. Hence, it has further slashed its TP to INR 200/share (from INR 220/share).

There are still a lot of moving parts. So I think from a domestic economy standpoint, we are well placed. However, from a global standpoint there are still, as you rightly said, there are a lot of moving parts.

A total of 16,877 shares changed hands on the counter till 11:49AM (IST)

Pole and flag pattern breakout on daily frame and strong Bullish candle on weekly frame.

​But as I said, there has not been a major rally in markets. I think there are a lot of other things to contend with like the issue about supply of T-bills and I think that is absolutely right and plus there is still a lot of inflation to contend with, weakness in growth, all of this is not particularly bullish for markets at this point in time.

The stock quoted a 52-week high price of Rs 1369.0 and a 52-week low of Rs 1049.1.

JPMorgan has upgraded General Insurance Corporation to buy with a target price of Rs 230, stating that it foresees an improvement in the trend of combined ratio for next year. Goldman Sachs has maintained its sell rating on both Info Edge and BHEL, with a target price of Rs 3340 and Rs 34 respectively. However, it has kept its buy rating intact on Dabur India with a target price of Rs 600. CLSA has maintained its sell rating on Vodafone Idea with a target price of Rs 5.