INSUBCONTINENT EXCLUSIVE:
On the BSE, Axis Bank shares rose as much as 2.42% to an intraday high of Rs 730 apiece.Axis Bank shares gave up most of early gains to
increase of 2.42 per cent.Axis Bank's net interest income (NII) - the difference between interest earned and interest expended - stood at
6,101.83 crore in the second quarter of current financial year.Gross non-performing assets as a percentage of total loans stood at 5.03 per
cent in the July-September period.Its tax expense rose 6.75 times to Rs
2,545.27 crore in the quarter ended September 30.The bank said the spike in tax expenses was on account of a write-down of net deferred tax
at Rs 714.80 apiece on the BSE
On the NSE, it advanced 3.65 points or 0.51 per cent to settle at Rs 716.40 apiece.The Sensex ended 95 points or 0.24 per cent higher at
39,059 and the NSE Nifty 50 index advanced 16 points or 0.14 per cent to close at 11,604.Follow TheIndianSubcontinent for latest election
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