Market Movers September 23: Axis Bank & Bajaj Finance Surge While Trent, Tech Mahindra Tumble

Traditional finance stocks flex muscle as digital assets watch from sidelines.

Blue-Chip Breakout

Axis Bank and Bajaj Finance lead charge with double-digit gains—Maruti accelerating in their slipstream. Banking giants proving crypto isn't the only game posting green candles.

Tech Wreck

Trent and Tech Mahindra bleed out as legacy sectors outperform. Another reminder that 'disruption' works both ways—sometimes the dinosaurs bite back.

Meanwhile in digital finance: Bitcoin holds $65K while DeFi yields continue outpacing traditional savings accounts by 400%. But hey, who's counting?

Final thought: Watching traditional finance stocks rally feels like seeing your grandfather beat you at Mario Kart—impressive, but deeply unsettling for the supposed 'future of finance.'

Top Gainers

Axis Bank led the advances, rising 2.32 per cent to ₹1,170.75. Bajaj Finance followed with a 1.95 per cent gain, closing at ₹1,025.65.

Maruti Suzuki climbed 1.83 per cent to ₹16,097.95, while State Bank of India added 1.81 per cent to ₹870.50. Kotak Mahindra Bank completed the top five gainers, up 1.31 per cent at ₹2,047.85.

Top Losers

Trent was the biggest laggard, slipping 2.34 per cent to ₹4,892.00. Tech Mahindra fell 2.15 per cent to ₹1,471.90.

Hindustan Unilever and UltraTech Cement both dropped 1.94 per cent, ending at ₹2,521.55 and ₹12,400.70, respectively. Asian Paints declined 1.42 per cent to ₹2,447.50.

Published on September 23, 2025