Axis Bank delivered a steady performance in the third quarter of FY26, with stable asset quality, controlled credit costs, and consistent loan growth. Net interest margins held firm despite funding cost pressures, while operating metrics remained healthy. Analysts said valuations offer comfort, though near term upside may be limited. The bank’s focus on retail expansion and prudent risk management supports its medium term outlook.

Indian equity benchmarks retreated sharply from intraday highs, with the Sensex falling over five hundred points and the Nifty hovering near the 25,000 mark. Analysts attributed the decline to profit booking at elevated levels, weakness in global cues, and selling pressure in heavyweight stocks. Caution ahead of key global data and mixed earnings commentary also weighed on investor sentiment through the session.