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Sensex, Nifty, Share Prices LIVE: The stock of Axis Bank began its recent rally in the final week of January on the back of the support at ₹940. On April 16, it broke out of a crucial resistance at ₹1,125, turning the outlook bullish.

Although the stock saw some moderation in price in recent sessions, the uptrend looks intact. This corrective decline is an opportunity to initiate fresh buys.