Shares of Axis Bank soared over 2 per cent on the Bombay Stock Exchange after the private sector lender said that it has raised senior notes aggregating to USD 10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.

Boosted by the development, shares of bank gained as much as 2.58 per cent to hit intra-day high of Rs 499.80 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of lender were up 2.28 per cent to trade at Rs 498.25 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 29,402.76, up 161.67 points, or 0.57 per cent, at 12:10 hours.